{"id":474455,"date":"2021-04-09T18:08:15","date_gmt":"2021-04-09T22:08:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=474455"},"modified":"2021-04-09T18:08:15","modified_gmt":"2021-04-09T22:08:15","slug":"condor-hospitality-trust-going-concernpress-release","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/condor-hospitality-trust-going-concernpress-release\/","title":{"rendered":"Condor Hospitality Trust Going ConcernPress Release"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Condor Hospitality Trust Going Concern<\/b><b>Press Release<\/b><\/p>\n<p>NORFOLK, Neb.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCondor Hospitality Trust, Inc. (NYSE American: CDOR) (the \u201cCompany\u201d), pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b), the Company advises that its audited financial statements for the fiscal year ended December 31, 2020, included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as filed with the Securities and Exchange Commission, contains an audit opinion from its independent registered public accounting firm that due to circumstances related to a loan includes an explanatory paragraph related to the Company\u2019s ability to continue as a going concern. Matters relating to this item are set forth in the Form 10-K, where the Company expresses its views with respect to third party actions related to a specific loan, the underlying reason for the going concern paragraph. This advisement does not represent any change or amendment to the Company\u2019s financial statements or to its Annual Report on Form 10-K for the fiscal year ended December 31, 2020.\n<\/p>\n<p><b>About Condor Hospitality Trust, Inc.<\/b><\/p>\n<p>\nCondor Hospitality Trust, Inc. (NYSE American: CDOR) is a self-administered real estate investment trust that specializes in the investment and ownership of upper midscale and upscale, premium-branded, select-service, extended-stay, and limited-service hotels in the top 100 Metropolitan Statistical Areas (\u201cMSAs\u201d) with a particular focus on the top 20 to 60 MSAs. The Company currently owns 15 hotels in 8 states. Condor\u2019s hotels are franchised by a number of the industry\u2019s most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels.\n<\/p>\n<p><b>Forward-Looking Statement<\/b><\/p>\n<p>\nThis news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts, and in some cases, can be identified by the use of forward-looking terminology such as \u201cmay\u201d, \u201cwill\u201d, \u201cexpect\u201d, \u201cintend\u201d, \u201canticipate\u201d, \u201cestimate\u201d, \u201cbelieve\u201d, \u201ccontinue\u201d, \u201cproject\u201d, \u201cplan\u201d, the negative version of these words or other similar expressions. Readers are cautioned not to place undue reliance on any such forward-looking statements.\n<\/p>\n<p>\nAll forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Factors which could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in economic conditions generally and the real estate market specifically, legislative\/regulatory changes (including changes to laws governing the taxation of real estate investment trusts), availability of capital, risks associated with debt financing, interest rates, competition, supply and demand for hotel rooms in our current and proposed market areas, policies and guidelines applicable to real estate investment trusts, risks related to uncertainty and disruption in global economic markets as a result of COVID-19 (commonly referred to as the coronavirus), and other risks and uncertainties described herein, and in our filings with the Securities and Exchange Commission (\u201cSEC\u201d) from time to time. These risks and uncertainties should be considered in evaluating any forward-looking statements.\n<\/p>\n<p>\nThe forward-looking statements represent Condor\u2019s views as of the date on which such statements were made. Condor anticipates that subsequent events and developments may cause those views to change. These forward-looking statements should not be relied upon as representing Condor\u2019s views as of any date subsequent to the date hereof. Condor expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.\n<\/p>\n<p>\nAdditional factors that may affect the Company\u2019s business or financial results are described in the risk factors included in the Company\u2019s filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210409005475r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210409005475\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210409005475\/en\/<\/a><\/span><\/p>\n<p>\nJill Burger<br \/>\n<br \/>Interim Chief Financial Officer and Chief Accounting Officer<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jburger@trustcondor.com\">jburger@trustcondor.com<br \/>\n<\/a><br \/>(402) 316-1012\n<\/p>\n<p><b>KEYWORDS:<\/b> Nebraska United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Construction &amp; Property Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210409005475\/en\/601323\/3\/CONDOR_LOGO_ART_RGB_%28003%29.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Condor Hospitality Trust Going ConcernPress Release NORFOLK, Neb.&#8211;(BUSINESS WIRE)&#8211; Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the \u201cCompany\u201d), pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b), the Company advises that its audited financial statements for the fiscal year ended December 31, 2020, included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as filed with the Securities and Exchange Commission, contains an audit opinion from its independent registered public accounting firm that due to circumstances related to a loan includes an explanatory paragraph related to the Company\u2019s ability to continue as a going concern. Matters relating to this item are set forth in the Form 10-K, where &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/condor-hospitality-trust-going-concernpress-release\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Condor Hospitality Trust Going ConcernPress Release&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-474455","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Condor Hospitality Trust Going ConcernPress Release - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/condor-hospitality-trust-going-concernpress-release\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Condor Hospitality Trust Going ConcernPress Release - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Condor Hospitality Trust Going ConcernPress Release NORFOLK, Neb.&#8211;(BUSINESS WIRE)&#8211; Condor Hospitality Trust, Inc. (NYSE American: CDOR) (the \u201cCompany\u201d), pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b), the Company advises that its audited financial statements for the fiscal year ended December 31, 2020, included in its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as filed with the Securities and Exchange Commission, contains an audit opinion from its independent registered public accounting firm that due to circumstances related to a loan includes an explanatory paragraph related to the Company\u2019s ability to continue as a going concern. 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