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MSR Hotels sees $7,322 net loss for October; rental income declines
By Caroline Salls
Pittsburgh, Nov. 20 - MSR Hotels & Resorts, Inc. reported a $7,322 net loss for October on negative $120,942 of rental income, according to its monthly operating report filed Nov. 20 with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, MSR posted a $6,661 net loss for September on negative $119,987 of rental income.
The company had $243,485 in cash and cash equivalents as of Oct. 31, up from $203,245 at the end of September.
MSR Hotels, a New York-based real estate investment trust, filed for bankruptcy on May 8. Its Chapter 11 case number is 13-11512.
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