Condor hospitality trust announces agreement to sell hotels to blackstone real estate

Norfolk, neb.--(business wire)---- $cdor #hotel--condor hospitality trust, inc. (nyse american: cdor) (the “company”) announced today that it has entered into an agreement with affiliates of blackstone real estate partners to sell its entire portfolio of hotels in a $305 million transaction. this is an all cash transaction without the assumption of any existing debt. completion of the transaction, which is expected to occur in the fourth quarter of 2021, is subject to customary closing conditions, including the
CDOR Ratings Summary
CDOR Quant Ranking