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Condor Hospitality Trust, Inc.
Ticker Symbol: CDOR CUSIP: 20676Y403 Previous CUSIP: 20676Y106 Exchange: AMEX
March 24, 2020 -- Condor Hospitality Trust, Inc. (the “Company”) (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, provided an update today on the previously announced acquisition by merger of the Company (the “Merger”) by NexPoint Hospitality Trust (“NHT”) (TSX-V: NHT-U). Closing of the acquisition did not occur on March 23, 2020, as extended to such date at the request of NHT pursuant to a previously announced amendment to the merger agreement. The Company is in discussions with NHT concerning the closing of the acquisition, and the Company is also reviewing its options and reserves all rights under the merger agreement. ___________ March 16, 2017 -- Condor Hospitality Trust, Inc. (CDOR) will effect a one-for-six and one-half (1-6.5) reverse split of its common stock. The CUSIP number will change to 20676Y403.________________.On March 16, 2016, Condor and SREP entered into a Stock Purchase Agreement (the Stock Purchase Agreement) pursuant to which Condor issued and sold 3,000,000 shares of Series D Stock to SREP on the same date for an aggregate purchase price of $30,000,000. The Stock Purchase Agreement required that $20,147,000 of the purchase price be deposited into an escrow account for purposes of effecting the redemption of the Series A Stock and Series B Stock and that the remaining amount of the purchase price be delivered to Condor. The Stock Purchase Agreement requires Condor to redeem all outstanding shares of the Series A Stock and Series B Stock. On March 16, 2016, Condor issued notices to redeem the Series A Stock and Series B Stock on April 15, 2016 as follows:
• all 803,270 outstanding shares of the Series A Stock (NASDAQ: CDORP; CUSIP No. 20676Y205) will be redeemed at the redemption price of $10.00 per share plus $2.084940 per share in accrued and unpaid dividends (plus compounded interest) through the redemption date; and
• all 332,500 outstanding shares of the Series B Stock (NASDAQ: CDORO; CUSIP No. 20676Y304) will be redeemed at the redemption price of $25.00 per share plus $6.354167 per share in accrued and unpaid dividends through the redemption date.
With notice given, and the redemption funds deposited in escrow, all rights of the holders of the holders of the Series A Stock and Series B Stock terminated, except the right to receive the redemption price. ____________ September 17, 2015 - Condor Hospitality Trust, Inc. announced today that it has cancelled its special meeting of shareholders scheduled. The company has also terminated its offer to exchange shares of the company's common stock for shares of the company's 8% Series A Cumulative Preferred Stock and 10% Series B Cumulative Preferred Stock. ____________ Aug 06, 2015 -- Condor Hospitality Trust, Inc. CDOR, formerly Supertel Hospitality, Inc., a real estate investment trust (REIT), announced today that it has commenced an offer to exchange shares of its common stock for each outstanding share of 8% Series A Cumulative Preferred Stock (CUSIP No. 20676Y205) and 10% Series B Cumulative Preferred Stock (CUSIP No. 20676Y304). In the exchange offer, the company is offering to exchange 5.38 shares of its common stock for each share of Series A preferred stock and 13.71 shares of its common stock for each share of Series B preferred stock, in each case, validly tendered and not withdrawn before the expiration date. The exchange offer will remain open until September 9, 2015, unless extended or earlier terminated by the company. The exchange offer is subject to the satisfaction of certain conditions._________ 07/20/15 -- Condor Hospitality Trust, Inc. (NASDAQ: CDOR), formerly Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT), announced in a press release dated July 15, 2015 that it changed its name to Condor Hospitality Trust, Inc. effective as of July 15, 2015. Following the completion of Nasdaq procedures, commencing on July 21st, 2015, the company will begin trading under its new name, and the company's common shares, Series A preferred shares, and Series B preferred shares will begin listing under their new ticker symbols, CDOR, CDORP, and CDORO, respectively.
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Company's Online Profile
BUSINESS: Condor Hospitality Trust, Inc. is a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, specializing in the investment and ownership of upper midscale and upscale, premium-branded select-service, extended stay and limited service hotels. As a REIT, the company by law must distribute at least 90% of its taxable income to its shareholders through dividends typically paid on a quarterly basis.
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Find All Related Securities for CDOR
Previous Ticker Symbol: SPPR Changed: 7/21/2015
Previous Name: SuperTel Hospitality, Inc. Changed: 7/21/2015
Micro Cap Stock -
Market Value $52.3 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 4800 Montgomery Lane, Suite 220, Bethesda, MD 20814 |
| Main Phone Number |
301-861-3305 |
| Fax Number |
Not Available |
| Investor Contact (CFO)
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301-861-3305
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| CEO - J. William Blackham |
CFO - Arinn A. Cavey |
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