Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (ÂMSAsÂ) with a particular focus on the top 20 to 60 MSAs. The Company currently owns 15 hotels in 8 states. Condor's hotels are franchised by a number of the industry's most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels.
IPO Year: n/a
Exchange: AMEX
Website: condorhospitality.com
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4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
4 - CONDOR HOSPITALITY TRUST, INC. (0000929545) (Issuer)
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Condor Hospitality Trust, Inc. (the "Company") announced today that it has filed a Form 15 with the U.S. Securities and Exchange Commission (the "SEC") to voluntarily deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As a result of the Form 15 filing, the Company will reduce expenses as it is no longer required to file certain reports under the Exchange Act, including quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K. The Company is engaged in a shareholder-approved plan of liquidation in connection with the Company's prior sale of all of its hotel operatin
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company"), incorporated in the state of Maryland, today announced that its Board of Directors has approved a special dividend liquidation distribution of $7.94 per share of the Company's common stock (the "Common Stock"), to its stockholders of record as of the close of business on December 27, 2021. The special dividend liquidation distribution will be paid on December 30, 2021. This special dividend liquidation distribution is being made in accordance with the Company's voluntary Plan of Liquidation previously approved by its stockholders, whereby the Company is engaged in its winding-up process. Upon completion of the winding-up process an
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company"), a hotel-focused real estate investment trust ("REIT") headquartered and incorporated in the state of Maryland held a special meeting of stockholders on November 12, 2021 and adjourned the meeting until December 1, 2021 for the limited purpose of allowing additional time for stockholders to vote on the liquidation proposal to approve the dissolution and liquidation of the Company. The Company today announced that at the reconvened special meeting of stockholders on December 1, 2021 the Company stockholders approved the liquidation proposal, as set forth in the Company's Definitive Proxy Statement as filed with the Securities and Exc
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company"), a hotel-focused real estate investment trust ("REIT") headquartered and incorporated in the state of Maryland, today announced that it has completed the sale of the Company's 15 hotels. The sale of the hotels was completed pursuant to the previously announced Hotel Purchase and Sale Agreement, dated September 22, 2021, between the Company and B9 Cowboy Mezz A LLC, a Delaware limited liability company and an affiliate of Blackstone Inc. (the "Buyer"), in which the Company agreed to sell the hotels to Buyer and Buyer agreed to purchase the hotels for a purchase price of $305,000,000. About Condor Hospitality Trust, Inc. The Compan
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company"), a hotel-focused real estate investment trust ("REIT") headquartered and incorporated in the state of Maryland, today announced partial results and the partial adjournment of the Company's Special Meeting of Stockholders (the "Meeting"), which was held at 11:00 a.m., Eastern Time, on November 12, 2021 and at which time three of the four proposals, as set forth in the Company's Definitive Proxy Statement (the "Proxy Statement") filed with the Securities and Exchange Commission ("SEC") on October 18, 2021, were presented to and approved by stockholders. At the Meeting, stockholders approved the sale of substantially all of the Compan
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company") today announced results of operations for the third quarter 2021. THIRD QUARTER 2021 FINANCIAL HIGHLIGHTS Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the third quarter 2021 increased 74.4% to $83.00 compared to $47.60 in the third quarter 2020. Same-Store Average Daily Rate (ADR) increased 31.5% to $117.79 and Same-Store occupancy increased 32.6% to 70.47% in the third quarter 2021 compared to the same period in 2020. Net Loss: Net Loss Attributable to Common Shareholders was ($6.1) million or ($0.44) per diluted share in the third quarter 2021 compared to ($5.0) million or ($0.42) per dilu
The Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce its representation of Condor Hospitality Trust in the sale of the company's entire portfolio to Blackstone Real Estate Partners. The $305 million deal was announced September 23, 2021 and is expected to close by the end of the year. Condor Hospitality Trust (NYSE:CDOR) is a publicly-traded real estate investment trust specializing in the ownership of premium-branded select-service, extended stay, and limited-service hotels franchised under brands including Hilton, Marriott, and IHG. JMBM represented the company as hotel counsel in connection with the initial bidding process and also provided
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company") announced today that it has entered into an agreement with affiliates of Blackstone Real Estate Partners to sell its entire portfolio of hotels in a $305 million transaction. This is an all cash transaction without the assumption of any existing debt. Completion of the transaction, which is expected to occur in the fourth quarter of 2021, is subject to customary closing conditions, including the approval of the Company's shareholders. Bill Blackham C.E.O. stated " We believe that this is an extremely attractive transaction for Company's shareholders with a highly credible and very experienced buyer. Both Blackstone Real Estate Part
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company") today announced results of operations for the second quarter 2021. SECOND QUARTER 2021 FINANCIAL HIGHLIGHTS Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the second quarter 2021 increased 161.7% to $77.22 compared to the second quarter 2020. Same-Store Average Daily Rate (ADR) increased 22.5% to $106.62 and Same-Store occupancy increased 113.7% to 72.43% in the second quarter 2021 compared to the same period in 2020. June 2021 RevPAR was $82.85 based on an occupancy of 75.0% and a $110.42 ADR. Net Loss: Net Loss Attributable to Common Shareholders was ($9.9) million or ($0.82) per diluted sha
Condor Hospitality Trust, Inc. (NYSE:CDOR), a hotel-focused real estate investment trust (REIT), today announced that its board of directors is evaluating strategic alternatives to enhance shareholder value. The Company has engaged the firm of Hodges Ward Elliott to market for sale the 15 hotels portfolio owned by the company. Leading the Hodges Ward Elliott team in the marketing of the outperforming high quality select service and extended stay portfolio, located mostly in very desirable secondary markets, will be Dan Peek, President of HWE's Hotel Group and Clint Hodges, Managing Director and leader of the firm's select service team. Although the Company expects significant interest in t
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Condor Hospitality Trust, Inc. (the "Company") announced today that it has filed a Form 15 with the U.S. Securities and Exchange Commission (the "SEC") to voluntarily deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As a result of the Form 15 filing, the Company will reduce expenses as it is no longer required to file certain reports under the Exchange Act, including quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K. The Company is engaged in a shareholder-approved plan of liquidation in connection with the Company's prior sale of all of its hotel operatin
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company"), incorporated in the state of Maryland, today announced that its Board of Directors has approved a special dividend liquidation distribution of $7.94 per share of the Company's common stock (the "Common Stock"), to its stockholders of record as of the close of business on December 27, 2021. The special dividend liquidation distribution will be paid on December 30, 2021. This special dividend liquidation distribution is being made in accordance with the Company's voluntary Plan of Liquidation previously approved by its stockholders, whereby the Company is engaged in its winding-up process. Upon completion of the winding-up process an
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company") today announced results of operations for the third quarter 2021. THIRD QUARTER 2021 FINANCIAL HIGHLIGHTS Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the third quarter 2021 increased 74.4% to $83.00 compared to $47.60 in the third quarter 2020. Same-Store Average Daily Rate (ADR) increased 31.5% to $117.79 and Same-Store occupancy increased 32.6% to 70.47% in the third quarter 2021 compared to the same period in 2020. Net Loss: Net Loss Attributable to Common Shareholders was ($6.1) million or ($0.44) per diluted share in the third quarter 2021 compared to ($5.0) million or ($0.42) per dilu
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company") today announced results of operations for the second quarter 2021. SECOND QUARTER 2021 FINANCIAL HIGHLIGHTS Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the second quarter 2021 increased 161.7% to $77.22 compared to the second quarter 2020. Same-Store Average Daily Rate (ADR) increased 22.5% to $106.62 and Same-Store occupancy increased 113.7% to 72.43% in the second quarter 2021 compared to the same period in 2020. June 2021 RevPAR was $82.85 based on an occupancy of 75.0% and a $110.42 ADR. Net Loss: Net Loss Attributable to Common Shareholders was ($9.9) million or ($0.82) per diluted sha
Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company") today announced results of operations for the first quarter 2021. FIRST QUARTER 2021 FINANCIAL HIGHLIGHTS Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the first quarter 2021 decreased 33.1% to $53.16 compared to the first quarter 2020. Same-Store Average Daily Rate (ADR) decreased 28.1% to $89.41 and Same-Store occupancy decreased 7.1% to 59.46% in the first quarter 2021 compared to the same period in 2020. April 2021 RevPAR was $73.80 based on an occupancy of 70.6% and a $104.56 ADR. Net Loss: Net Loss Attributable to Common Shareholders was ($2.4) million or ($0.20) per diluted share in th
BETHESDA, Md.--(BUSINESS WIRE)--Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”) today announced results of operations for the fourth quarter and full year ended December 31, 2020. FOURTH QUARTER AND FISCAL YEAR 2020 RELEASE FINANCIAL HIGHLIGHTS Fourth Quarter 2020 Financial Highlights Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the fourth quarter 2020 decreased 50.1% to $44.71 compared to the fourth quarter 2019. Same-Store Average Daily Rate (ADR) decreased 29.0% to $84.83 and Same-Store occupancy decreased 29.8% to 52.7% in the fourth quarter 2020 compared to the same period in 2019. Net Loss: Net Loss Attributable t
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