Condor Hospitality Trust Executes Agreement to Purchase the Home2 Suites Summerville/Charleston in South Carolina for $16,325,000

Condor Hospitality Trust, Inc. | December 22, 2017

BETHESDA, Md.--December 22, 2017--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 it has executed an agreement to purchase the 93-room Home2 Suites by Hilton located in Summerville, South Carolina, a suburb of Charleston. The contracted purchase price for the hotel is $16,325,000. The hotel will likely be managed by a new addition to the Company's group of management company alliance partners. "The Home2 Suites Summerville fits squarely within Condor's investment strategy. The hotel, newly-opened in 201...