Condor Hospitality Announces Special Dividend Liquidation Distribution on Common Stock and Plan to Delist From NYSE American Stock Exchange
The Company also announced that it notified the NYSE American of its intent to delist its Common Stock from the
About
The Company is a self-administered real estate investment trust that previously specialized in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (“MSAs”) with a particular focus on the top 20 to 60 MSAs. Prior to the Company’s portfolio sale on
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in the Company, operates and beliefs of and assumptions made by the Company’s management, involve uncertainties that could significantly affect the financial or operating results of the Company. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “should,” “may,” “projects,” “could,” “estimates” or variations of such words and other similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature, but not all forward-looking statements include such identifying words. All statements that address events or developments that we expect or anticipate will occur in the future — including statements relating to this announcement — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. For example, these forward-looking statements could be affected by factors including, without limitation, risks associated with (i) national, international, regional and local economic climates; (ii) the potential liability for a failure to meet regulatory requirements; (iii) potential changes to tax legislation; (iv) the potential impact of this announcement on the Plan of Liquidation; (v) the unfavorable outcome of any legal proceedings that may be instituted against the Company; (vi) impacts relating to COVID-19 or other pandemics or catastrophic events; and (vii) those additional risks and factors discussed in reports filed with the
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Interim Chief Financial Officer & Chief Accounting Officer
jburger@trustcondor.com
(402) 371-2520
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