Extended Stay posts $1.81 million operating income for July

By Alice Popovici

New York, Aug. 18 - Extended Stay, Inc. reported $1.81 million of operating income in July on $75.68 million in total revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.

Extended Stay also reported a $20.58 million net loss for July.

The company had $3.00 million in cash and cash equivalents at July 31, up from $1.87 million at the end of June.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.