RTTNews | Jun 21, 2021 07:17AM EDT

07:17 Monday, June 21, 2021 (RTTNews.com) - Condor Hospitality Trust, Inc. (CDOR), a hotel-focused real estate investment trust (REIT), announced Monday that its board of directors is evaluating strategic alternatives to enhance shareholder value.

The Company has engaged the firm of Hodges Ward Elliott to market for sale the 15 hotels portfolio owned by the company.

Although the Company expects significant interest in the marketing initiative, there can be no assurance that a transaction will occur at the conclusion of the process.

The Company may engage additional brokers and financial advisors as it deems appropriate. There can be no assurances that the exploration of strategic alternatives will result in any transaction or, should the board of directors approve a transaction, no assurances of the value to the Company's shareholders thereof.

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