Jeffrey Giller resigned as a member of the Board of Directors of Condor Hospitality Trust, Inc. (the "Company") effective March 14, 2018. Mr. Giller's resignation was not due to any disagreement with the Company or its management on any matter relating to the Company's operations, policies or practices. Pursuant to the Investor Rights Agreement dated March 16, 2016 between the Company, SREP III Flight-Investco, L.P. ("SREP") and StepStone Group Real Estate L.P., SREP designated Thomas Calahan as the replacement for Mr. Giller on the Board of Directors. The Board of Directors appointed Mr. Calahan as a member of the Board of Directors on March 14, 2018.