Condor Hospitality Trust Provides Update on Acquisition by NexPoint Hospitality Trust and Declares Common Stock Dividend
Condor Hospitality Trust, Inc. (CDOR)
US:NASDAQ Investor Relations:
condorhospitality.com
Company Research
Source: Business Wire
BETHESDA, Md--(BUSINESS WIRE)--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). NHT and the Company have agreed to close the Merger on January 31, 2020, subject to the satisfaction or waiver of certain remaining closing conditions.The Company also today announced that its Board of Directors has authorized and the Company has declared a cash common stock dividend of $0.195 per share, payable on December 31, 2019 to shareholders of record on December 30, 2019.About Condor Hospitality Trust, Inc.Condor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select
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