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MSR Hotels & Resorts reports $9,051 net loss for January; income falls
By Caroline Salls
Pittsburgh, Feb. 26 - MSR Hotels & Resorts, Inc. reported a $9,051 net loss for January on negative $119,748 of rental income, according to its monthly operating report filed Feb. 26 with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, MSR posted a $21,764 net loss for December on negative $119,610 of rental income.
The company had $220,638 in cash and cash equivalents as of Jan. 31, down from $225,513 at the end of December.
MSR Hotels, a New York-based real estate investment trust, filed for bankruptcy on May 8, 2013. Its Chapter 11 case number is 13-11512.
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