Condor Hospitality Trust (CDOR) Declares $0.195 Quarterly Dividend; 7.2% Yield
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Condor Hospitality Trust (CDOR) Enters Agreement to Acquire Home2 Suites Summerville/Charleston for $16.325M
December 21, 2017 9:01 AM ESTCondor Hospitality Trust, Inc. (NYSE: CDOR) today announced that it has executed an agreement to purchase the 93-room Home2 Suites by Hilton located in Summerville, South Carolina, a suburb of Charleston. The contracted purchase price for the hotel is $16,325,000. The hotel will likely be managed by a new addition to the Companys group of management company alliance partners.
The Home2 Suites Summerville fits squarely within Condors investment strategy. The hotel, newly-opened in 2017, is attractively located in the heart of Summerville, one of the fastest... More
