Added to YB: 2021-06-23
Pitch date: 2021-06-23
CDOR [bullish]
Condor Hospitality Trust, Inc.
+44.55%
current return
Author Info
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Company Info
Condor Hospitality Trust, Inc. was incorporated in Virginia on August 23, 1994 and was reincorporated in Maryland on November 19, 2014.
Market Cap
$117.0M
Pitch Price
$5.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
2.95
EV/Sales
N/A
Sector
Hotel and Resort REITs
Category
special_situation
Condor Hospitality Trust: Covid Deal Break, Renewed Strategic Alternatives
CDOR: Lodging REIT with 15 upscale/extended stay hotels. Previously agreed to $11.10/share sale (now $5). Resuming strategic alternatives post-COVID. Portfolio in healthy markets, 70%+ April occupancy. 10% '19 cap rate at $260M EV vs 6.5-7.4% comps. Upside to $7.40 at 8.5% cap rate. Expects quick sale with PE hotel demand.
Read full article (4 min)