Williamsburg Hotel owner reports $348,634 net profit for December

By Sarah Lizee

Olympia, Wash., Jan. 25 – 96 Wythe Acquisition LLC, the owner of the Williamsburg Hotel in Brooklyn, N.Y., reported a $348,634 net profit on $2.3 million of gross income or sales for December, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

The cash balance at the end of the month is $1.46 million.

The Brooklyn, N.Y.-based hotel owner filed bankruptcy on Feb. 23, 2021 under Chapter 11 case number 21-22108.

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