CDOR - Dividend announcements

Condor Hospitality Trust, Inc. (the "Company") announced today that it has filed a Form 15 with the U.S. Securities and Exchange Commission (the "SEC") to voluntarily deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As a result of the Form 15 filing, the Company will reduce expenses as it is no longer required to file certain reports under the Exchange Act, including quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K. The Company is engaged in a shareholder-approved plan of liquidation in connection with the Company's prior sale of all of its hotel operatin

Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company"), incorporated in the state of Maryland, today announced that its Board of Directors has approved a special dividend liquidation distribution of $7.94 per share of the Company's common stock (the "Common Stock"), to its stockholders of record as of the close of business on December 27, 2021. The special dividend liquidation distribution will be paid on December 30, 2021. This special dividend liquidation distribution is being made in accordance with the Company's voluntary Plan of Liquidation previously approved by its stockholders, whereby the Company is engaged in its winding-up process. Upon completion of the winding-up process an

Condor Hospitality Trust, Inc. (NYSE:CDOR) (the "Company") today announced results of operations for the first quarter 2021. FIRST QUARTER 2021 FINANCIAL HIGHLIGHTS Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the first quarter 2021 decreased 33.1% to $53.16 compared to the first quarter 2020. Same-Store Average Daily Rate (ADR) decreased 28.1% to $89.41 and Same-Store occupancy decreased 7.1% to 59.46% in the first quarter 2021 compared to the same period in 2020. April 2021 RevPAR was $73.80 based on an occupancy of 70.6% and a $104.56 ADR. Net Loss: Net Loss Attributable to Common Shareholders was ($2.4) million or ($0.20) per diluted share in th

BETHESDA, Md.--(BUSINESS WIRE)--Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the “Company”) today announced results of operations for the fourth quarter and full year ended December 31, 2020. FOURTH QUARTER AND FISCAL YEAR 2020 RELEASE FINANCIAL HIGHLIGHTS Fourth Quarter 2020 Financial Highlights Portfolio Revenue Per Available Room (RevPAR): The 15 hotels Same-Store RevPAR in the fourth quarter 2020 decreased 50.1% to $44.71 compared to the fourth quarter 2019. Same-Store Average Daily Rate (ADR) decreased 29.0% to $84.83 and Same-Store occupancy decreased 29.8% to 52.7% in the fourth quarter 2020 compared to the same period in 2019. Net Loss: Net Loss Attributable t