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Condor Hospitality Trust buying 4-hotel portfolio for $73.8M

Condor Hospitality Trust Inc. executed an agreement to acquire a portfolio of four Home2 Suites hotels for about $73.8 million.

The transaction is expected to complete in the first quarter, subject to customary closing conditions.

The properties being acquired include the Home2 Suites Memphis/Southaven in Southaven, Miss.; the Home2 Suites Austin/Round Rock in Round Rock, Texas; the Home2 Suites Lexington University/Medical Center in Lexington, Ky.; and the Home2 Suites Tallahassee State Capitol in Tallahassee, Fla.