Condor Hospitality Trust, Inc. Announces Unaudited Consolidated Operating Results for the First Quarter Ended March 31, 2021
Condor Hospitality Trust, Inc. announced unaudited consolidated operating results for the first quarter ended March 31, 2021. For the quarter, the company reported Same-Store RevPAR decreased 33.1% to $53.16 compared to the first quarter 2020. Same-Store Average Daily Rate (ADR) decreased 28.1% to $89.41 and Same-Store occupancy decreased 7.1% to 59.46% in the first quarter 2021 compared to the same period in 2020.