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Condor Hospitality Trust Further Enhances Portfolio

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Bethesda, MD-based Condor Hospitality Trust Inc., a hotel-focused real estate investment trust revealed the completion of capital improvements targeted towards enhancing the guest experience at two of its assets, the Aloft Leawood Kansas City and the Marriott Courtyard Jacksonville Florida.

According to a prepared statement, at the Aloft Leawood Kansas City, the guestrooms and hallways were updated with new wall-coverings, lighting, and carpet consistent with the new Aloft design elements implemented by Marriott. At the Marriott Courtyard Jacksonville, an outdoor courtyard with a firepit and recreational activities was added to an area adjacent to the pool.

The release points out that the company is also in the process of improving the Hampton Inn Lake Mary with an enhanced business center, a re-concepted grab-and-go, the addition of a new meeting space, and an upgraded front desk.

“Our 15 new investment platform hotels have an average age of less than four years and are in excellent condition with a contemporary design aesthetic that appeals to the modern traveler. That being said, we are constantly evaluating opportunities to enhance the guest experience and further drive top-line growth. The addition of an outdoor courtyard with a firepit and recreational activities at the Marriott Courtyard Jacksonville is a perfect example of our capital investment strategy. For a minimal amount of capital, we now have an appealing outdoor space that the hotel has already had success selling to multiple groups,” says Jeff Dougan, Condor’s COO.

The company currently owns 18 hotels in 10 states. Condor’s hotels are franchised by a number of the industry’s most well-regarded brand families including Hilton, Marriott, and InterContinental Hotels Group.

“We will continue to evaluate opportunities to further enhance our portfolio through smart capital expenditure investments that improve the guest experience and further enable us to drive RevPAR and margin outperformance relative to our peers and national averages,” Dougan adds.