Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”), a hotel-focused real estate investment trust (“REIT”) headquartered and incorporated in Bethesda, 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 Company is a self-administered REIT that has specialized 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 (“MSAs”) with a particular focus on the top 20 to 60 MSAs. Prior to the sale, the Company owned 15 hotels in 8 states. The Company’s hotels were franchised by a number of the industry’s most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211119005737/en/
Earlier this year we let you know that Planet Fitness announced it will be opening new locations at 6881 New Hampshire Ave. in Takoma Park (now open) and 2201 Randolph Rd….
We have a Flood Watch in effect from Sunday afternoon through late Sunday night for SE Montgomery County, DC, SE Howard County, Prince George’s County and most of Northern Va….
Thai Cottage Bistro is now open at 9613-G Medical Center Dr in Rockville, taking over the space that was previously home to Oishii Bluefin.
Sydney Montgomery, a graduate of Clarksburg High School who has helped over 7,ooo students with the college and law school admissions process, has been listed in this year’s 30 Under…
SATURDAY 12/9/23 Join us for the ultimate year-end celebration of art, vintage finds, and fashion at CNXN.WORLD's Art & Vintage Event! Sponsored by So What Else, Inc. We will be hosting a hygiene product drive as well! Please bring items like soap, toothpaste, shampoo, deodorant, and more to donate and make a difference. Sign up for a chance to WIN a $40 credit you can use towards any purchase at the event! We've got food, drinks, and more prizes during the event! Vendor Lineup: @thefoundrymd @poetic_sole @on2thenext_vntg @fleetwoodmarket @anatething @bimdayz @thriftlifeadvintage @yester_dayz @bratty_couture @camryncurtiss @crushthrifts @888deadgirl @ken_blendz @misfitbodega @mando.nc @mozartsthriftshop @seamslikenew @skuffstore @the.crucial.cookie @sowhatelsehelps Saturday, December 9th, 20231:30 PM to 6:00 PM4924 Wyaconda Rd, North Bethesda, MD 20852. See you there!