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Condor Hospitality Trust buys hotel in South Carolina for $16M

Representatives of Condor Hospitality Trust Inc. of Bethesda rang the NYSE's ceremonial bell in July 201y to celebrate the company's new listing on NYSE MKT. (Screenshot from NYSE video)

Representatives of Condor Hospitality Trust Inc. of Bethesda rang the NYSE’s ceremonial bell in July 201y to celebrate the company’s new listing on NYSE MKT. (Screenshot from NYSE video)

Condor Hospitality Trust Inc., a hotel-focused REIT headquartered in Bethesda, closed on its $16.325 million deal to buy the Home2 Suites by Hilton in Summerville, South Carolina.

The hotel will be managed by Inn Ventures of Tukila, Washington.

Bill Blackham, Condor’s chief executive officer, said the hotel is strategically located for the automotive, aerospace, bioscience, technology and distribution industries.