NORFOLK, NE--(Marketwired - October 27, 2015) - Condor Hospitality Trust, Inc. (
"We are delighted to close this loan with a new relationship lender and in the process refinance our last remaining significant loan maturity in 2015 which positions the company now with no 2016 loan maturities," said Bill Blackham, Condor's Chief Executive Officer. "The closing of this new loan also results in an approximately 175 basis point annual interest rate savings for the company."
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