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Last Trade
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Last Trade:
$3.96
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Change:
-0.11 (-2.70%)
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Trade Time:
04:10 PM EST
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Market Cap:
$47.54M
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Description of Business
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References to the "Company", "we," "our," and "us," refer to Condor Hospitality
Trust, Inc., including, as the context requires, its direct and indirect
subsidiaries. The descriptions of the Company in this Part I are as of the
filing of this Form 10-K on March 31, 2020.
On July 19, 2019, the Company, the Company's operating partnership (the Company
and operating partnership, the "Company Parties"), NHT Operating Partnership,
LLC ("NHT Parent"), NHT REIT Merger Sub, LLC ("NHT Merger Sub") and NHT
Operating Partnership II, LLC ("NHT Merger OP," and together with NHT Parent and
NHT Merger Sub, the "NHT Parties"), entered into an Agreement and Plan of Merger
(as amended from time to time, the "Merger Agreement"), pursuant to which the
NHT Parties agreed to acquire all of the outstanding equity interests of the
Company and the operating partnership by merger (the "Company merger" and the
"Partnership merger", respectively).
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