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Extended Stay reports $1.87 million operating loss for October
By Caroline Salls
Pittsburgh, Nov. 17 - Extended Stay Inc. posted a $1.87 million operating loss for October on $71.58 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
The net loss for the month was $22.96 million.
The company had $2.28 million in cash and cash equivalents at Oct. 31.
Extended Stay, a New York-based owner and operator of mid-priced extended stay hotels, filed for bankruptcy on June 15. Its Chapter 11 case number is 09-13764.
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