Condor Hospitality Trust, Inc. (NYSE: CDOR) is a real estate investment trust focused on owning mid-scale and upscale hotels with premium brands in the top 100 Metropolitan Statistical Areas. There are currently 15 Condor Hotels across eight states. The hotels are franchised by some of the most well-respected brands in the business, including Hilton, Marriott, and InterContinental Hotels.
Condor Hospitality Trust, Inc. (NYSE: CDOR) stock was up 7.6% to $4.75 at the previous close. However, it should be noted that there was no meaningful material news regarding the company’s business that would have led to such an impact. In this context, it may be appropriate to look at an important event that occurred in December 2020.
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Last announced News
On Dec 4, 2020, The Board of Directors of the corporation announced that it will hold a special meeting of its shareholders on January 18, 2021. The purpose of the meeting is to seek shareholder approval of potential share issuances under NYSE American Company Guide Rule 713. The company’s proxy statement will specify the time and location of the Meeting. The record date for shareholders of the Company entitled to notice and votes at the Meeting or any adjournment or postponement has been established as of December 14, 2020.
Institutional Ownership
The top shareholder in Condor Hospitality Trust Inc. (AMEX: CDOR) as of Sep 29, 2020, is Vanguard Group, Inc., with 0.91 million shares, representing 7.64% of the company’s shares. According to the filing, Gardner Lewis Asset Management, Inc. holds 8.21% of the outstanding shares of the company. Based on the number of shares it holds, it is worth $2.24 million.
