Monday, October 1, 2018

Another Bethesda-based hotel REIT exploring sale

Bethesda-based Condor Hospitality Trust Inc. (NASDAQ: CDOR) announced Friday it has launched a process to explore “strategic alternatives to enhance shareholder value,” including, potentially, a sale, merger, or acquisition. Condor, a self-administered real estate investment trust, owns 16 hotels in eight states, including facilities franchised to top brands like Hilton, Marriott International and Intercontinental Hotels Group. “Having completed a dramatic repositioning of the Company over the…



from https://www.bizjournals.com/baltimore/news/2018/10/01/another-bethesda-based-hotel-reit-exploring-sale.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/178634423717

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