condor
Condor Hospitality Trust Updates Actions Taken in Response to Changes in Economic and Industry Conditions Relating to COVID-19
Condor Hospitality Trust, Inc. | April 9, 2020
BETHESDA, Md. - Condor Hospitality Trust (NYSE American: CDOR) (“Condor”), owner of high-quality upper midscale and upscale hotels primarily located in secondary markets, today provided an update on measures taken to mitigate the impact on Condor and its hotels operations of recent changes in the general economic and industry conditions relating to COVID-19. Financial markets have been disrupted and there has been an industry-wide falling off of hotel occupancies. As a result, Condor is taking actions at the corporate and hotel levels including, but not limited to: Amending its Bank Credit Facility to provide extensions options out ...
Condor Hospitality Trust Provides Update on Acquisition by NexPoint Hospitality Trust
Condor Hospitality Trust, Inc. | March 24, 2020
BETHESDA, Md. - Condor Hospitality Trust, Inc. (the “Company”) (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, provided an update today on the previously announced acquisition by merger of the Company (the “Merger”) by NexPoint Hospitality Trust (“NHT”) (TSX-V: NHT-U). Closing of the acquisition did not occur on March 23, 2020, as extended to such date at the request of NHT pursuant to a previously announced amendment to the merger agreement. The Company is in discussions with NHT concerning the closing of the acquisition, and the Company is also ...
Condor Hospitality Trust Provides Update on Acquisition by NexPoint Hospitality Trust
Condor Hospitality Trust, Inc. | March 16, 2020
BETHESDA, Md.--March 16, 2020--Condor Hospitality Trust, Inc. (the “Company”) (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, provided an update today on the previously announced acquisition by merger of the Company (the “Merger”) by NexPoint Hospitality Trust (“NHT”) (TSX-V: NHT-U). NHT has requested and the Company has accommodated an extension of the Merger closing, previously set for March 16, 2020, to March 23, 2020. Forward-Looking Statement This news release (including statements about the expected timing, completion and effects of...
Condor Hospitality Trust Provides Update on Acquisition by NexPoint Hospitality Trust
Condor Hospitality Trust, Inc. | January 31, 2020
BETHESDA, Md.--January 31, 2020_-Condor Hospitality Trust, Inc. (the “Company”) (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, provided an update today on the previously announced acquisition by merger of the Company (the “Merger”) by NexPoint Hospitality Trust (“NHT”) (TSX-V: NHT-U). NHT and the Company have agreed to extend the closing of the Merger to February 28, 2020, subject to further possible extension to March 16, 2020 and the satisfaction or waiver of certain remaining closing date conditions. Forward-Looking Statement This new...
Condor Hospitality Trust Sells Non-Core Legacy Comfort Suites Hotel for $6.1 Million
Condor Hospitality Trust, Inc. | March 19, 2018
BETHESDA, Md. - March 19, 2018 - Condor Hospitality Trust, Inc. (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, today announced the closing on the sale of a legacy hotel asset, the 135-room Comfort Suites located at 52939 US 933 North in South Bend, IN for $6.1 million. Net proceeds from the sale will be applied to outstanding debt on the Company's $150 million secured credit facility. "With the closing of the sale of the Comfort Suites South Bend, we now own only three legacy hotels of the 55 that the Company owned at the beginning of 2015," said Bill B...
