Condor Hospitality Schedules Annual Meeting of Shareholders
December 04 2020 - 5:15PM
Business Wire
Condor Hospitality Trust, Inc. (NYSE American:CDOR) (the
“Company”), a hotel-focused real
estate investment trust (REIT) headquartered and incorporated in
the state of Maryland, today announced that it has set January 18,
2021 as the date of a Special Meeting (the “Meeting”) of Shareholders of Condor Hospitality
Trust, Inc. The purpose of the Meeting is to seek shareholder
approval of potential share issuances under NYSE American Company
Guide Rule 713. The time and location will be specified in the
Company’s proxy statement related to the Meeting. December 14, 2020
has been set as the record date for shareholders of the Company
entitled to notice of and to vote at the Meeting or any adjournment
or postponement.
About Condor Hospitality Trust, Inc. Condor Hospitality
Trust, Inc. (NYSE American:CDOR) is a self-administered real estate
investment trust that specializes 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. The Company currently owns 15 hotels in 8 states. Condor’s
hotels are franchised by a number of the industry’s most
well-regarded brand families including Hilton, Marriott, and
InterContinental Hotels.
Forward-Looking Statement This news release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts,
and in some cases, can be identified by the use of forward-looking
terminology such as “may”, “will”, “expect”, “intend”,
“anticipate”, “estimate”, “believe”, “continue”, “project”, “plan”,
the negative version of these words or other similar expressions.
Readers are cautioned not to place undue reliance on any such
forward-looking statements.
All forward-looking statements speak only as of the date hereof
and are based on current expectations and involve a number of
assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements.
They are not guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. Factors
which could have a material adverse effect on our operations and
future prospects include, but are not limited to, changes in
economic conditions generally and the real estate market
specifically, legislative/regulatory changes (including changes to
laws governing the taxation of real estate investment trusts),
availability of capital, risks associated with debt financing,
interest rates, competition, supply and demand for hotel rooms in
our current and proposed market areas, policies and guidelines
applicable to real estate investment trusts, risks related to
uncertainty and disruption in global economic markets as a result
of COVID-19 (commonly referred to as the coronavirus), and other
risks and uncertainties described herein, and in our filings with
the SEC from time to time. These risks and uncertainties should be
considered in evaluating any forward-looking statements.
The forward-looking statements represent Condor’s views as of
the date on which such statements were made. Condor anticipates
that subsequent events and developments may cause those views to
change. These forward-looking statements should not be relied upon
as representing Condor’s views as of any date subsequent to the
date hereof. Condor expressly disclaims a duty to provide updates
to forward-looking statements, whether as a result of new
information, future events or other occurrences.
Additional factors that may affect the Company’s business or
financial results are described in the risk factors included in the
Company’s filings with the Securities and Exchange Commission
(“SEC”), including its Annual Report
on Form 10-K for the fiscal year ended December 31, 2019, and
subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K.
Important Information About the Meeting and Where to Find
It IN CONNECTION WITH THE MEETING, THE COMPANY FILED A
PRELIMINARY PROXY STATEMENT WITH THE SEC AND WILL FILE AND PROVIDE
A DEFINITIVE PROXY STATEMENT TO ITS SHAREHOLDERS. THE COMPANY’S
SHAREHOLDERS ARE ADVISED TO READ THE PRELIMINARY PROXY STATEMENT
AND ANY AMENDMENTS THERETO AND, WHEN AVAILABLE, THE DEFINITIVE
PROXY STATEMENT, IN CONNECTION WITH THE COMPANY’S SOLICITATION OF
PROXIES FOR THE MEETING BECAUSE THESE DOCUMENTS CONTAIN IMPORTANT
INFORMATION ABOUT THE COMPANY AND THE BUSINESS TO BE PROPOSED AT
THE MEETING. SHAREHOLDERS WILL ALSO BE ABLE TO OBTAIN COPIES OF THE
PRELIMINARY PROXY STATEMENT, DEFINITIVE PROXY STATEMENT AND OTHER
DOCUMENTS FILED WITH THE SEC BY THE COMPANY, WITHOUT CHARGE, ONCE
AVAILABLE, AT THE SEC’S WEB SITE AT WWW.SEC.GOV, OR BY DIRECTING A
REQUEST TO: CONDOR HOSPITALITY TRUST, INC., 1800 WEST PASEWALK
AVENUE, SUITE 120, NORFOLK, NE 68701, (402) 371-2520.
Participants in the Solicitation THE COMPANY, ITS
DIRECTORS AND CERTAIN OF ITS EXECUTIVE OFFICERS WILL BE
PARTICIPANTS IN THE SOLICITATION OF PROXIES FROM SHAREHOLDERS IN
CONNECTION WITH THE MEETING. A LIST OF THE NAMES OF THOSE DIRECTORS
AND EXECUTIVE OFFICERS AND A DESCRIPTION OF THEIR INTERESTS IS
CONTAINED IN THE COMPANY’S ANNUAL REPORT ON FORM 10-K FOR THE
FISCAL YEAR ENDED DECEMBER 31, 2019 AND IN THE COMPANY’S DEFINITIVE
PROXY STATEMENT FOR THE 2020 ANNUAL MEETING OF SHAREHOLDERS, WHICH
WERE BOTH FILED WITH THE SEC AND ARE AVAILABLE FREE OF CHARGE AT
THE SEC’S WEBSITE AT WWW.SEC.GOV, OR BY DIRECTING A REQUEST TO
CONDOR HOSPITALITY TRUST, INC., 1800 WEST PASEWALK AVENUE, SUITE
120, NORFOLK, NE 68701, (402) 371-2520. ADDITIONAL INFORMATION
REGARDING THE INTERESTS OF PARTICIPANTS IN THE SOLICITATION OF
PROXIES IN CONNECTION WITH THE MEETING WILL BE CONTAINED IN THE
PRELIMINARY PROXY STATEMENT.
No Offer or Solicitation This press release shall not
constitute a solicitation of a proxy, consent or authorization with
respect to any securities or in respect of the Meeting. This press
release shall also not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any states or jurisdictions in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such
jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of section 10 of the
Securities Act, or an exemption therefrom.
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version on businesswire.com: https://www.businesswire.com/news/home/20201204005593/en/
Jill Burger Interim Chief Financial Officer and Chief Accounting
Officer jburger@trustcondor.com (402) 316-1012
Condor Hospitality (AMEX:CDOR)
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