Holiday Inn Express D.C. posts $53,375 net profit for May

By Sarah Lizee

Olympia, Wash., June 26 – Birchington, LLC, doing business as Holiday Inn Express Washington D.C. Downtown, reported a $53,375 net profit for May on $1.73 million of gross income/sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Columbia.

To compare, the company reported a $134,702 net loss for April on $1.59 million of gross income/sales.

The cash balance at the end of May was $734,060, up from $680,685 at the end of April.

The Washington, D.C.-based hotel owner filed bankruptcy on Feb. 20 under Chapter 11 case number 23-00057.

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