WhereDaily News: Update - Condor Hospitality Trust Closes Sale of Two Hotels as Part of Accelerated Strategy

NORFOLK, NE--(Marketwired - July 16, 2015) - Condor Hospitality Trust, Inc. (NASDAQ), formerly Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT), announced today that it has closed on the previously announced sale of two hotels, a Comfort Inn Landmark and a Days Inn, both located in Alexandria, Va., for $19 million to Baywood Hotels, a privately held hotel ownership and management company. The company retired $8.3 million in debt and the net proceeds will be used for general corporate purposes, including future acquisitions.

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