BETHESDA, MD—Condor Hospitality Trust Inc. SVP and COO Jeffrey Dougan has given notice to the company of his resignation, effective April 27. The executive has accepted a position as the CEO of a Boston-based hospitality management company.
“It has been a privilege to be a part of Condor’s remarkable repositioning over the last three years,” he said. “We have successfully transformed the portfolio into one consisting of high-quality, high performance assets. Condor is well-positioned to continue to outperform and I wish the company continued success.”
“I want to personally thank Jeff for his contribution to Condor. We wish him all the best in his new endeavor. We have already begun to evaluate short- and long-term solutions to ensure we continue to deliver the highest level of execution within our asset management function. We are committed to continuing to deliver the RevPAR and EBITDA margin outperformance detailed in our 2018 guidance,” said Bill Blackham, Condor’s CEO.