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Published on 4/25/2023 in the Prospect News Distressed Debt Daily.

225 Bowery reports $458,012 net profit for March

By Sarah Lizee

Olympia, Wash., April 25 – 225 Bowery LLC reported a $458,012 net profit for March on $1.13 million of gross income/sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

To compare, the company posted a $68,301 net profit for February on $638,218 of gross income/sales.

The cash balance at the end of March was $6.11 million, up from $5.46 million at the end of February.

The New York-based hotel property owner filed Chapter 11 bankruptcy on Jan. 24 under case number 23-10094.


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