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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Condor Hospitality Trust Inc | AMEX:CDOR | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.94 | 0 | 01:00:00 |
1-34087
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52-1889548
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(Commission File Number)
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(IRS Employer Identification No.)
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4800 Montgomery Lane, Suite 220
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Bethesda, MD
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20814
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(Address of Principal Executive Offices)
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(Zip Code)
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Emerging growth company
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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·
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1% of the gross hotel income if the hotel achieves an investment return of 9.25 to 9.749% for 2017, and an additional 1% of gross hotel income if the hotel achieves an investment return of 9.75% or higher for that year; and
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·
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1% of the gross hotel income if the hotel achieves an investment return of 9.75% to 10.249% for 2018, and an additional 1% of gross hotel income if the hotel achieves an investment return of 10.25% or higher for that year.
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·
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0.5% of gross hotel income if the hotel achieves budgeted NOI;
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·
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25% of any NOI in excess of budgeted NOI for the hotel; and
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·
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if the hotel achieves its budgeted NOI, 25% of any gross hotel income for the hotel in excess of budgeted gross hotel income for the hotel.
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(d)
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Exhibits.
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10.1
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Purchase and Sale Agreement dated as of April 29, 2017 between Condor Hospitality Limited Partnership and SI Lake Mary, LP (incorporated by reference to Exhibit 10.1 filed with the Company's Form 8-K dated April 29, 2017 (001-34087)).
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10.2
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Hotel Management Agreement dated as of June 19, 2017 between TRS MCO Village, LLC and Peachtree Hospitality Management, LLC.
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10.3
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Form of Director Restricted Stock Agreement.
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Condor Hospitality Trust, Inc.
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Date: June 21, 2017
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By: /s/ Jonathan J. Gant
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Name: Jonathan J. Gantt
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Title: Chief Financial Officer
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(d)
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Exhibits.
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10.1
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Purchase and Sale Agreement dated as of April 29, 2017 between Condor Hospitality Limited Partnership and SI Lake Mary, LP (incorporated by reference to Exhibit 10.1 filed with the Company's Form 8-K dated April 29, 2017 (001-34087)).
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10.2
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Hotel Management Agreement dated as of June 19, 2017 between TRS MCO Village, LLC and Peachtree Hospitality Management, LLC.
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10.3
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Form of Director Restricted Stock Agreement.
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1 Year Condor Hospitality Chart |
1 Month Condor Hospitality Chart |
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