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MSR Hotels & Resorts posts $11,456 June net loss, $170,893 in cash
By Caroline Salls
Pittsburgh, July 25 - MSR Hotels & Resorts, Inc. reported an $11,456 net loss for June on negative $118,978 in rental income, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, MSR posted a $13,447 net loss for the period of May 8 to May 31 on negative $118,634 in rental income.
The company had $170,893 in cash and cash equivalents as of June 30, down from $173,831 at the end of May.
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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