Condor Hospitality Trust Inc (CDOR)

Overview

Condor Hospitality Trust, Inc. operates under the ticker symbol CDOR on the NYSE American exchange and functions as a self-managed real estate investment trust (REIT). The company’s primary focus is the acquisition and ownership of premium-branded hotels, aiming to provide high-quality accommodations in the hospitality sector. Condor specializes in upscale and upper-midscale properties that offer a range of service options, including select service, extended-stay, and limited-service accommodations. The strategic positioning of these hotels is critical, as they are located within the top 100 Metropolitan Statistical Areas (MSAs), specifically those ranked from 20 to 60. Currently, Condor's portfolio includes 15 hotels spread across 8 states, proudly operating under renowned industry franchises such as Hilton, Marriott, and InterContinental Hotels.

Products and Services

• Hotel Ownership

  Condor Hospitality Trust focuses on acquiring and owning premium-branded hotels, ensuring a diverse portfolio that caters to varied guest experiences and preferences. Each hotel is strategically selected based on its location in highly sought-after metropolitan regions.

• Upscale and Upper-Midscale Properties

  The company specializes in properties that fall within the upscale and upper-midscale categories, offering amenities and services that meet the expectations of today’s travelers. These establishments provide a balance of quality and affordability.

• Select Service Accommodations

  Condor's portfolio includes hotels that offer select services, providing essential amenities without the extensive frills, ideal for cost-conscious travelers who seek comfort and convenience.

• Extended-Stay Services

  For guests needing extended accommodations, Condor offers extended-stay options that are equipped with more home-like amenities, making them suitable for longer visits, business trips, or relocations.

• Limited-Service Hotels

  The company also operates limited-service hotels, which provide fundamental lodging services while ensuring guests can enjoy a pleasant stay without additional costs associated with full-service facilities.

• Strategic Location Selection

  Focusing on properties in key metropolitan areas ranked from 20 to 60, Condor ensures its hotels are positioned to attract a steady stream of business and leisure travelers alike.

• Franchise Partnerships

  By collaborating with established industry giants such as Hilton, Marriott, and InterContinental Hotels, Condor secures trust and quality recognition in the hospitality market, leveraging brand loyalty to drive occupancy rates.