condor hospitality trust, inc.
Condor Hospitality Trust Closes Sale of Quality Inn & Marina in Solomons, Maryland
Condor Hospitality Trust, Inc. | March 26, 2019
BETHESDA, Md. -- 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 59-room Quality Inn & Marina in Solomons, Maryland for $4.3 million. Net proceeds from the sale will be applied to outstanding debt on the Company's $150 million secured credit facility. "We are delighted with the closing of the sale of our last remaining legacy hotel, the Quality Inn & Marina in Solomons, Maryland. This concludes our initiative that began 4 years ago and has resulted...
Condor Hospitality Trust Under Contract to Sell Its Non-Core Legacy Super 8 Hotel in Creston, IA for $5.1 Million
Condor Hospitality Trust, Inc. | June 7, 2018
BETHESDA, Md.--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 that one of its legacy hotels, the 121-room Super 8 in Creston, IA, is now under contract to sell for $5.1 million and is expected to close in the third quarter of 2018. Net proceeds from the anticipated sale will be applied to outstanding debt on the Company's $150 million secured credit facility. "Given a projected closing of the Creston Super 8 in the third quarter, we will have sold four legacy hotels for gross proceeds of $20.4 million since ...
Condor Hospitality Trust Announces Sale of a Non-Core Legacy Hotel, the Comfort Suites in Fort Wayne, Indiana for $7.1 Million
Condor Hospitality Trust, Inc. | June 4, 2018
BETHESDA, Md -- 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 127-room Comfort Suites located at 5775 Coventry Lane in Fort Wayne, IN, for $7.1 million. Net proceeds from the sale will be applied to outstanding debt on the Company's $150 million secured credit facility. "With the sale of the Comfort Suites Fort Wayne, there are only two legacy hotels owned by Condor," said Bill Blackham, Condor's Chief Executive Officer. "Of the two legacy assets remaini...
Condor Hospitality Trust Announces the Departure of COO Jeffrey Dougan
Condor Hospitality Trust, Inc. | April 2, 2018
BETHESDA, Md.--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 that Jeffrey Dougan, Senior Vice President and Chief Operating Officer, gave notice to the Company of his resignation, effective April 27, 2018. Mr. Dougan has accepted a position as the Chief Executive Officer of a Boston-based hospitality management company. "It has been a privilege to be a part of Condor's remarkable repositioning over the last three years. We have successfully transformed the portfolio into one consisting of high-quality, hig...
Condor Hospitality Trust to Sell 71-Room Comfort Inn & Suites Warsaw for $4.7 Million
Condor Hospitality Trust, Inc. | November 1, 2017
BETHESDA, Md.--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 that one of its legacy hotels, the 71-room Comfort Inn & Suites Warsaw, is now under contract to sell for $4.7 million and expected to close in late December. Net proceeds from the anticipated sale will be applied to outstanding debt on the Company's $150 million secured credit facility. "With the anticipated December 2017 closing of the Comfort Inn & Suites Warsaw, we will have sold eight legacy hotels year to date for gross proceeds of $...
