NORFOLK, NE--(Marketwired - November 03, 2015) - Condor Hospitality Trust, Inc. (
"This hotel sale brings our year-to-date dispositions to 16 hotels as we continue to accelerate our capital recycling strategy," said Bill Blackham, Condor's Chief Executive Officer. "We expect there will be another two or three hotel sales during the remainder of the calendar year. It is noteworthy that the hotel was not encumbered by debt and therefore all net sales proceeds are available for acquisitions, investments and general corporate purposes," he said.
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.
Director of Corporate Communications