JMP Financial Services / Real Estate Conference
Monday, September 21, 2015
1:00 PM ET
Condor Hospitality Trust, Inc., (NASDAQ: CDOR) formerly Supertel Hospitality, Inc., (NASDAQ: SPPR), is a hotel-focused real estate investment trust (REIT) specializing in the investment and ownership of upper midscale and upscale, premium-branded select-service, extended stay and limited service hotels. As a REIT, the company by law must distribute at least 90% of its taxable income to its shareholders through dividends typically paid on a quarterly basis.
The company’s 45 hotels are operated by various third-party management companies under franchise agreements with a number of the industry’s most well-regarded brand families including Hilton, Choice and Wyndham.
The company completed its initial public offering in 1994, when it owned a portfolio of 36 hotels. Over the next five years, the company developed or built another 27 properties, growing its portfolio to 63 properties. The company merged with Humphrey Hospitality Trust in fall 1999 and assumed that company’s name, trading under the symbol HUMP. The company relocated to its Norfolk, Nebraska location in 2004 and returned to its original name and stock symbol in 2005: Supertel Hospitality, Inc., NASDAQ symbol: SPPR.
On July 15, 2015, the company changed its name from Supertel Hospitality, Inc. to Condor Hospitality Trust, Inc. The company’s common stock trading symbol changed from SPPR to CDOR. The trading symbol for the company’s Series A preferred stock changed from SPPRP to CDORP and the trading symbol for the company’s Series B preferred stock changed from SPPRO to CDORO.
|Market Value ($M)||7.45|
|Stock Quote||$ 1.51|
|As of October 2, 2015|
Minimum 20 minute delay.
|Condor Hospitality Trust, Inc.|
1800 West Pasewalk Avenue, Suite 200
Norfolk, NE 68701-4092
Investor Relations Contact
Mr. Patrick Beans
American Stock Transfer & Trust Co.
59 Maiden Lane
New York, NY 10038