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225 Bowery reports $359,609 net loss for August
By Sarah Lizee
Olympia, Wash., Sept. 29 – 225 Bowery LLC reported a $359,609 net loss for August on $1.34 million of gross income/sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
To compare, the company reported a $49,753 net profit for July on $1.14 million of gross income/sales.
The cash balance at the end of August was $7.24 million, down from $7.35 million at the end of July.
The New York-based hotel property owner filed Chapter 11 bankruptcy on Jan. 24, 2023 under case number 23-10094.
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