Condor Hospitality-Led Venture Picks Up Aloft Atlanta

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Bethesda, MD-based REIT Condor Hospitality Trust, in an 80/20 joint venture with Three Wall Capital out of New York City, has closed on the 254-room Aloft Atlanta for $43.55 million, or approximately $171,000 per room. “The Atlanta Aloft is a premium quality, select service hotel meeting the new investment strategy of the company that was sourced off-market and that will be managed by an affiliate of the party that introduced the investment,”…

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