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Published on 6/9/2021 in the Prospect News Distressed Debt Daily.

Tillary Hotel owner reports $139,875 net income for April period

By Sarah Lizee

Olympia, Wash., June 9 – 85 Flatbush RHO Mezz LLC, the owner of the Tillary Hotel in Brooklyn, N.Y., reported a $139,875 net income on $208,608 of gross hotel revenues for the April period, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company posted a $5,289 net income on $5,314 of gross hotel revenues for the March period.

The company listed $217,933 of cash as of April 30, compared to $4,568 of cash as of March 31.

The owner of the boutique hotel in Brooklyn, N.Y., filed bankruptcy on Dec. 18 under Chapter 11 case number 20-23280.


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