Condor Hospitality Trust has terminated its $318 million merger agreement with NexPoint Hospitality Trust and said it is entitled to an $11.925 million termination fee as a result of NexPoint's failure to close a deal that had been more than a year in the making.
After Months of Delays, Condor Hospitality Terminates $318 Million Merger With NexPoint Hospitality Group
REIT Said NexPoint Failed to Consummate Deal and Is Entitled to Nearly $12 Million Termination Fee
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