NORFOLK, NE--(Marketwired - September 03, 2015) - Condor Hospitality Trust, Inc. (
"Condor continues to achieve favorable results from the accelerated disposition initiative intended to cause recycling capital into hotels consistent with our new investment strategy," said Bill Blackham, Condor's Chief Executive Officer. "With the closing of this hotel, Condor has sold eleven hotels year to date, currently has another eight hotels under contract for sale, and seven more being marketed for sale. This process has provided the company with the necessary capital, together with debt, to be in a position to close on our previously announced acquisitions that we expect to close during September."
About Condor Hospitality Trust, Inc.
Condor Hospitality Trust, Inc. (
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. These risks are discussed in the company's filings with the Securities and Exchange Commission.
Contact Information:
Contact:
Krista Arkfeld
Director of Corporate Communications
karkfeld@trustcondor.com
402-371-2520