reit

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reit

Condor Hospitality Trust Closes Sale of Quality Inn & Marina in Solomons, Maryland

Condor Hospitality Trust, Inc. | March 26, 2019

BETHESDA, Md. -- Condor Hospitality Trust, Inc. (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, today announced the closing on the sale of a legacy hotel asset, the 59-room Quality Inn & Marina in Solomons, Maryland for $4.3 million. Net proceeds from the sale will be applied to outstanding debt on the Company's $150 million secured credit facility. "We are delighted with the closing of the sale of our last remaining legacy hotel, the Quality Inn & Marina in Solomons, Maryland. This concludes our initiative that began 4 years ago and has resulted...

Condor Hospitality Trust Under Contract to Sell Its Non-Core Legacy Super 8 Hotel in Creston, IA for $5.1 Million

Condor Hospitality Trust, Inc. | June 7, 2018

BETHESDA, Md.--Condor Hospitality Trust, Inc. (NYSE American:CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, today announced that one of its legacy hotels, the 121-room Super 8 in Creston, IA, is now under contract to sell for $5.1 million and is expected to close in the third quarter of 2018. Net proceeds from the anticipated sale will be applied to outstanding debt on the Company's $150 million secured credit facility. "Given a projected closing of the Creston Super 8 in the third quarter, we will have sold four legacy hotels for gross proceeds of $20.4 million since ...

Ranking Hotel REITs 2018: Dividends, Profit Margins, and Overhead

Hans Detlefsen | April 24, 2018

By Hans Detlefsen Hotel Appraisers & Advisors (HA&A) is pleased to announce our third annual ranking of hotel real estate investment trusts (REITs). HA&A currently monitors 16 hotel REITs, discussed throughout this report. Some hotel REITs are more effective than others at generating earnings and passing profits on to investors. In this year's report, we rank each of these hotel REITs according to three metrics: (1) dividend yields; (2) profit margins; and (3) overhead expenses. Our 2018 rankings are based on year-end 2017 data from each of the 16 hotel REIT companies we monitor. Hotel REITs offer some of the highest dividen...

La Quinta Files With SEC to Spin Off New Real Estate Company

La Quinta | July 27, 2017

The new company will be known as CorePoint Lodging and will take La Quinta Holdings into an asset-light model IRVING, Texas, July 26, 2017 -- La Quinta Holdings Inc. (the "Company") (NYSE:LQ) announced that a Form 10 Registration Statement was filed today with the U.S. Securities and Exchange Commission ("SEC") with respect to the previously announced planned separation of its real estate business, which is to be named CorePoint Lodging Inc. ("CorePoint Lodging" or "CorePoint") from its franchise and management businesses ("new La Quinta" or "post-spin La Quinta") creating two distinct, publicly traded companies. The registrat...


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