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Condor Hospitality Trust Acquires Two Marriott-Branded Hotels in Texas for $38.8 Million

Maryland-Based Hospitality REIT Adds Residence Inn Austin Airport and Fairfield Inn & Suites El Paso Airport to National Holdings
By Riley Sullivan
September 8, 2017 | 9:06 P.M.

Condor Hospitality Trust (NYSE: CDOR), a hotel-oriented REIT headquartered in Bethesda, MD, has purchased the Fairfield Inn & Suites El Paso Airport and the Residence Inn Austin Airport from Dallas-based hotel developer Bedford Lodging for $38.8 million, or approximately $159,000 per key.

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