Condor Hospitality Trust (CDOR) Swings to Q2 Profit

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Condor Hospitality Trust Reports 2016 Second Quarter Results

August 8, 2016 5:09 PM EDT

BETHESDA, MD -- (Marketwired) -- 08/08/16 -- Condor Hospitality Trust, Inc. (NASDAQ: CDOR) (the "Company") today announced results for the second quarter ended June 30, 2016.

"Significant progress in the strategic repositioning of Condor was once again achieved in the second quarter of 2016 with the completion of the Series A and B preferred stock redemption, the sale of seven legacy assets, and the negotiation of a joint venture to acquire a high-quality asset meeting the new investment strategy of the Company," said Bill Blackham, Condor's Chief Executive Officer. "With over $20 million of liquidity at quarter-end, we... More