Keyword: Condor Hospitality Trust
However, investors are heading into the new year with caution because performance is expected to dip, according to a JLL report.
The merger is expected to close during the fourth quarter of 2019.
The Toronto Stock Exchange-listed REIT will spend $318 million to take the outstanding equity interests of the Maryland-based Condor.
The 156-room property opened in 2009, and is part of the Park Place mixed-use development in Leawood, Kan.
According to a new report from AETHOS Consulting Group, hotel CEOs are doing more than all right in the wallet.
The net proceeds from the sale will be used for general corporate purposes and for future acquisitions of hotels that meet the company’s new investment strategy.
The net proceeds from the sale will be used for general corporate purposes and for future acquisitions of hotels that meet Condor’s new investment strategy.
Subsequent to the transaction's closing in the third quarter, Boast Hotel Management Company will manage the hotel.