Tuesday, November 3, 2009

Hotel Pennsylvania 3Q Review

Vornado announced their third quarters earnings report today, The Hotel Pennsylvania  made $3.59M this Quarter, down from last year at this time of $11.9M.  So far the hotel as made a total of $7.8M down from last years high of $29.7M.

Needless to say the Hotel is not doing all that well.  Which will give Vornado all the more reason to get rid of it.  A full copy of the SEC filing can be found at http://tinyurl.com/354aa6e.