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Published on 9/17/2013 in the Prospect News Distressed Debt Daily.

MSR Hotels & Resorts sees $6,935 net loss for August; rental income up

By Caroline Salls

Pittsburgh, Sept. 17 - MSR Hotels & Resorts, Inc. reported a $6,935 net loss for August on negative $119,215 of rental income, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, MSR posted a $7,632 net loss for July on negative $121,049 of rental income.

The company had $262,285 in cash and cash equivalents as of Aug. 31, down from $273,207 at the end of July.

MSR Hotels, a New York-based real estate investment trust, filed for bankruptcy on May 8. Its Chapter 11 case number is 13-11512.


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