Condor Hospitality Trust (NYSEAMERICAN:CDOR) is a Maryland‐based real estate investment trust specializing in the ownership, acquisition, financing and management of primarily limited- and select-service lodging properties. The trust seeks to generate stable income through hotel operations and strategic asset repositioning. Its portfolio is diversified across North America, with properties located in key markets such as Colorado, Indiana, Tennessee, West Virginia, New York and Ontario. Condor typically partners with leading hotel brands under franchise agreements to operate its assets under recognizable flag systems.
The company’s primary business activities include sourcing acquisition opportunities, arranging financing, overseeing renovations and implementing operational improvements with the aim of maximizing asset value. Condor’s properties are marketed to both business and leisure travelers, offering branded accommodations in high‐traffic urban centers and growing regional hubs. The trust leverages centralized asset management and third-party operator relationships to maintain competitive operating margins and consistent service standards across its portfolio.
Formed in 2014 as a spin‐off from a larger real estate platform, Condor Hospitality Trust has grown through strategic acquisitions and dispositions, refining its holdings to focus on assets with long‐term cash flow potential. Since its initial public listing on the NYSE American exchange under the symbol CDOR, the company has pursued a disciplined capital deployment strategy. Historical milestones include the acquisition of several portfolio properties in mid-market cities and the completion of value-add capital projects to enhance guest experience and drive RevPAR growth.
Condor is externally advised by a team of hospitality investment professionals, led by President and Chief Executive Officer Donald R. Whelan and Chief Financial Officer Wayne B. Schlegel. The leadership group brings decades of experience in hotel acquisitions, capital markets and property operations. Under their guidance, the company continues to pursue a selective investment approach, aiming to deliver durable cash distribution to shareholders while maintaining a conservative balance sheet structure.
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