Replies to post #50 on Condor Hospitality Trust Inc fka CDOR

[Enterprising Investor]

SPPR plans a $115 million common stock offering.

Real Estate Strategies, L.P., our largest shareholder, has the right to purchase up to $30.0 million in shares of our common stock in this offering at the public offering price, without the payment of any underwriting discount.

http://www.sec.gov/Archives/edgar/data/929545/000119312513305941/d566563ds11.htm

[56Chevy]

Post R/S SPPR is selling for 57% of Book Value

BV is now $11.47 ..and MV is currently $6.57.

They're getting rid of debt...scaling up the quality of the Hotels in the portfilio...what's not to like here!