Condor Hospitality Announces Corporate Headquarters Move to Bethesda, Maryland

BETHESDA, MD--(Marketwired - May 26, 2016) - Condor Hospitality Trust, Inc. (NASDAQ: CDOR), a hotel-focused real estate investment trust (REIT) incorporated in the state of Maryland, today announced that it has changed its corporate headquarters to Bethesda, Maryland, effective May 26, 2016. The Company's Chief Financial Officer, Jonathan J. Gantt, will relocate to the downtown Bethesda office, located at 4800 Montgomery Lane, Suite 220, Bethesda, Maryland 20814.

"We expect to gain appreciable benefits from our new executive offices in Bethesda," said Bill Blackham, Condor's Chief Executive Officer. "The resources available to Condor significantly increase given that the area is home to multiple hotel REITs, multiple hotel brands, and an extensive group of entities engaged in the lodging industry."

The Company will maintain leased office space in both Omaha and Norfolk, Nebraska.

About Condor Hospitality Trust, Inc.

Condor Hospitality Trust, Inc. (NASDAQ: CDOR), is a self-administered real estate investment trust incorporated in the state of Maryland that specializes in the investment and ownership of upper midscale and upscale, premium-branded select-service, extended stay and limited-service hotels. The company currently owns 34 hotels in 16 states. Condor's hotels are franchised by a number of the industry's most well-regarded brand families including Hilton, Marriott, InterContinental Hotels Group, Choice and Wyndham. For more information or to make a hotel reservation, visit www.condorhospitality.com.

Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. These risks are discussed in the company's filings with the Securities and Exchange Commission.