BX - Condor Hospitality shareholders approve sale of its portfolio to Blackstone

Condor Hospitality Trust (NYSE:CDOR) shareholders approve three of four proposals related to the sale of the REIT's entire portfolio for $305M and adjourns the special meeting to allow more time to get enough votes for its liquidation proposal. Shareholders approved the sale of substantially all its assets and the amendments to the sale agreement; they also approved compensation to be paid to executive officers in connection with the sale and one or more adjournments to solicit additional proxies. Condor (CDOR) adjourned the meeting solely with respect to the liquidation proposal until Dec. 1, 2021. The record date for stockholders eligible to vote at the meeting remains the close of business on Oct. 13, 2021. Condor (CDOR) agreed in September to sell its portfolio of hotels to Blackstone (NYSE:BX) Real Estate Partners.

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Condor Hospitality shareholders approve sale of its portfolio to Blackstone