<SEC-DOCUMENT>0000899243-16-016445.txt : 20160323
<SEC-HEADER>0000899243-16-016445.hdr.sgml : 20160323
<ACCEPTANCE-DATETIME>20160323110353
ACCESSION NUMBER:		0000899243-16-016445
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160316
FILED AS OF DATE:		20160323
DATE AS OF CHANGE:		20160323

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONDOR HOSPITALITY TRUST, INC.
		CENTRAL INDEX KEY:			0000929545
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				521889548
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1800 WEST PASEWALK AVE STE 200
		CITY:			NORFOLK
		STATE:			NE
		ZIP:			68701
		BUSINESS PHONE:		4023712520

	MAIL ADDRESS:	
		STREET 1:		1800 WEST PASEWALK AVE STE 200
		CITY:			NORFOLK
		STATE:			NE
		ZIP:			68701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SUPERTEL HOSPITALITY INC
		DATE OF NAME CHANGE:	20050601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HUMPHREY HOSPITALITY TRUST INC
		DATE OF NAME CHANGE:	19940906

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			IRSA INVESTMENTS & REPRESENTATIONS INC
		CENTRAL INDEX KEY:			0000933267
		STANDARD INDUSTRIAL CLASSIFICATION:	LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES) [6552]
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522951

	BUSINESS ADDRESS:	
		STREET 1:		BOLIVAR 108
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD
		BUSINESS PHONE:		00541143237449

	MAIL ADDRESS:	
		STREET 1:		BOLIVAR 108
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CRESUD INC
		CENTRAL INDEX KEY:			0001034957
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522954

	BUSINESS ADDRESS:	
		STREET 1:		MORENO 877
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1091AAQ
		BUSINESS PHONE:		00541143237449

	MAIL ADDRESS:	
		STREET 1:		MORENO 877
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1091AAQ

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CONSULTORES VENTURE CAPITAL LTD
		CENTRAL INDEX KEY:			0001476664
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522955

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Ifis LTD
		CENTRAL INDEX KEY:			0001477078
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522957

	BUSINESS ADDRESS:	
		STREET 1:		MINTFLOWER PLACE, 4TH FLOOR
		STREET 2:		8 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM 08
		BUSINESS PHONE:		(54)1151667000

	MAIL ADDRESS:	
		STREET 1:		FLORIDA 537, PISO 18?
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1005AAK

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ELSZTAIN EDUARDO S
		CENTRAL INDEX KEY:			0001037182

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522959

	MAIL ADDRESS:	
		STREET 1:		108 LER PISO CAPITAL FEDERAL
		STREET 2:		BUENOS AIRES ARGENTINA
		CITY:			SOUTH AMERICA
		STATE:			C1
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			REAL ESTATE STRATEGIES LP
		CENTRAL INDEX KEY:			0001541641

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522960

	BUSINESS ADDRESS:	
		STREET 1:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM CX
		BUSINESS PHONE:		(441) 299 4925

	MAIL ADDRESS:	
		STREET 1:		2 CHURCH STREET
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM CX

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP
		CENTRAL INDEX KEY:			0001476653
		STATE OF INCORPORATION:			X3
		FISCAL YEAR END:			0330

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522953

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AGROINVESTMENT STOCK CORP
		CENTRAL INDEX KEY:			0001476665
		STATE OF INCORPORATION:			X3
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522952

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CONSULTORES ASSETS MANAGEMENT STOCK CORP
		CENTRAL INDEX KEY:			0001476663
		STATE OF INCORPORATION:			C1
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522958

	BUSINESS ADDRESS:	
		STREET 1:		BOLIVAR 108, PISO 2?
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD
		BUSINESS PHONE:		(54)1143237522

	MAIL ADDRESS:	
		STREET 1:		BOLIVAR 108, PISO 2?
		CITY:			BUENOS AIRES
		STATE:			C1
		ZIP:			C1066AAD

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			INVERSIONES FINANCIERAS DEL SUR STOCK CORP
		CENTRAL INDEX KEY:			0001476654
		STATE OF INCORPORATION:			X3
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34087
		FILM NUMBER:		161522956

	BUSINESS ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
		BUSINESS PHONE:		(5982)5182217

	MAIL ADDRESS:	
		STREET 1:		RUTA 8, KM. 17.500
		STREET 2:		EDIFICIO 3, LOCAL 3
		CITY:			MONTEVIDEO
		STATE:			X3
		ZIP:			91600
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2016-03-16</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000929545</issuerCik>
        <issuerName>CONDOR HOSPITALITY TRUST, INC.</issuerName>
        <issuerTradingSymbol>CDOR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001541641</rptOwnerCik>
            <rptOwnerName>REAL ESTATE STRATEGIES LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BOLIVAR 108</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>066AAD</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001037182</rptOwnerCik>
            <rptOwnerName>ELSZTAIN EDUARDO S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>108 LER PISO CAPITAL FEDERAL</rptOwnerStreet1>
            <rptOwnerStreet2>BUENOS AIRES ARGENTINA</rptOwnerStreet2>
            <rptOwnerCity>SOUTH AMERICA</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476663</rptOwnerCik>
            <rptOwnerName>CONSULTORES ASSETS MANAGEMENT STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BOLIVAR 108, PISO 2</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1066AAD</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476664</rptOwnerCik>
            <rptOwnerName>CONSULTORES VENTURE CAPITAL LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001034957</rptOwnerCik>
            <rptOwnerName>CRESUD INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>MORENO 877</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1091AAQ</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476653</rptOwnerCik>
            <rptOwnerName>CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476665</rptOwnerCik>
            <rptOwnerName>AGROINVESTMENT STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000933267</rptOwnerCik>
            <rptOwnerName>IRSA INVESTMENTS &amp; REPRESENTATIONS INC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>BOLIVAR 108</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1066AAD</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001477078</rptOwnerCik>
            <rptOwnerName>Ifis LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>FLORIDA 537, PISO 18</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BUENOS AIRES</rptOwnerCity>
            <rptOwnerState>C1</rptOwnerState>
            <rptOwnerZipCode>C1005AAK</rptOwnerZipCode>
            <rptOwnerStateDescription>ARGENTINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001476654</rptOwnerCik>
            <rptOwnerName>INVERSIONES FINANCIERAS DEL SUR STOCK CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>RUTA 8, KM. 17.500</rptOwnerStreet1>
            <rptOwnerStreet2>EDIFICIO 3, LOCAL 3</rptOwnerStreet2>
            <rptOwnerCity>MONTEVIDEO</rptOwnerCity>
            <rptOwnerState>X3</rptOwnerState>
            <rptOwnerZipCode>91600</rptOwnerZipCode>
            <rptOwnerStateDescription>URUGUAY</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series D Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.60</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2016-03-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>3245156</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2016-03-16</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>20282225</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3245156</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Series C Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.60</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2016-03-16</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>3000000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2012-02-01</value>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>18750000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The reporting person exchanged 3,000,000 shares of Series C Preferred Stock and received 3,245,256 shares of Series D Preferred Stock in an issuer exchange offer. Neither Series C Preferred Stock or Series D Preferred Stock have an Expiration Date.</footnote>
    </footnotes>

    <remarks>(2)  Members of the board of directors of the Issuer were designated by contractual right by Real Estate Strategies LLC, and as a result for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons are deemed to be directors of the Issuer by deputization.

(3)  Please also see Exhibit.

Form 1 of 2.</remarks>

    <ownerSignature>
        <signatureName>Eduardo S. Elsztain, By: s/ Eduardo Elsztain, Name: Eduardo S. Elsztain</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Consultores Assets Management S.A., By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Consultores Venture Capital Limited, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Consultores Venture Capital Uruguay SA, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Agroinvestment S.A., By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Real Estate Strategies LP, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>IRSA Inversiones y Representaciones Sociedad Anonima, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>IFIS Limited, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Inversiones Financieras del Sur S.A., By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board</signatureName>
        <signatureDate>2016-03-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<FILENAME>attachment1.htm
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<PRE>
                                                                         Exhibit

Explanation for responses:

This statement is being filed jointly by Mr. Eduardo S. Elsztain ("Elsztain"),
Consultores Assets Management S.A. ("CAM"), Consultores Venture Capital Uruguay
S.A. ("CVC Uruguay"), Agroinvestment S.A. ("Agroinvestment"), Consultores
Venture Capital Ltd. ("CVC Cayman"), Ifis Limited ("IFIS"), Inversiones
Financieras del Sur S.A. ("IFISA"), Cresud Sociedad Anonima Comercial,
Inmobiliaria, Financiera y Agropecuaria ("Cresud"), Helmir Sociedad Anonima
("Helmir"), IRSA Inversiones y Representaciones Sociedad Anonima ("IRSA"), Tyrus
S.A. ("Tyrus"), Jiwin S.A. ("Jiwin"), Efanur SA ("Efanur") and Real Estate
Strategies L.P. ("RES" and together with Elsztain, CAM, CVC Uruguay,
Agroinvestment, CVC Cayman, IFIS, IFISA, Cresud, IRSA, Tyrus, Jiwin and Efanur
the "Reporting Persons").

Mr. Elsztain is a citizen of the Republic of Argentina who serves as Chairman of
the board of directors of each of the following companies, except for RES, IFIS
and CVC Cayman:

(i)     IFIS, a limited liability company organized under the laws of Bermuda;
(ii)    IFISA, a stock corporation organized under the laws of the Republic of
        Uruguay;
(iii)   Cresud, a stock corporation organized under the laws of the Republic of
        Argentina;
(iv)    Helmir, a stock corporation organized under the laws of the Republic of
        Uruguay;
(v)     IRSA, a stock corporation organized under the laws of the Republic of
        Argentina;
(vi)    CAM, a limited liability company organized under the laws of Argentina;
(vii)   CVC Cayman, a limited liability company organized under the laws of
        Cayman Island;
(viii)  CVC Uruguay, a limited liability company organized under the laws of the
        Republic of Uruguay;
(ix)    Agroinvestment, a stock corporation organized under the laws of the
        Republic of Uruguay;
(x)     Tyrus, a stock corporation organized under the laws of the Republic of
        Uruguay;
(xi)    Jiwin, a stock corporation organized under the laws of the Republic of
        Uruguay, who serves as general partner of Real Estate Strategies L.P.;
(xii)   Efanur, a stock corporation organized under the laws of the Republic of
        Uruguay, who is the major limited partner of RES;
(xiii)  RES, a limited partnership organized under the laws of Bermuda.

Elsztain's principal offices are located at Bolivar 108, 1st floor, Buenos
Aires, Argentina; IFIS' principal offices are located at Mintflower Place 4th
floor, 8 Par-La-Ville Road Hamilton HM 08 Bermuda; IFISA's principal offices are
located at Ruta 8, 17,500, Edificio @1 Local 106, CP 91609, Montevideo, Republic
of Uruguay; Cresud's principal offices are located at Moreno 877, 23rd Floor,
(C1091AAQ) Ciudad Autonoma de Buenos Aires, Argentina; IRSA's principal offices
are located at Bolivar 108, 1st floor, Buenos Aires, Argentina; CAM's principal
offices are located at Bolivar 108, 1st floor, Buenos Aires, Argentina; CVC
Cayman's principal offices are located at 89 Nexus Way, 2nd floor Camana Bay,
P.O. Box 31106, SMB, Grand Cayman, KY1-1205, Cayman Islands; CVC Uruguay's
principal offices are located at Ruta 8, 17,500, Edificio @1 Local 106, CP 91609
Montevideo, of the Republic of Uruguay; Agroinvestment's principal offices are
located at Zabala 1422, 2nd floor, Montevideo, Republic of Uruguay; Tyrus'
principal offices are located at Colonia 810, Of. 403, CP 11000, Montevideo,
Republic of Uruguay, Jiwin's principal offices are located at Colonia 810, Of.
403, CP 11000, Montevideo, Republic of Uruguay, Efanur's principal offices are
located at Rincon 468 7 floor, Montevideo, 11.000 Republic of Uruguay and RES
principal offices are located at Clarendon House 2 Church Street, Hamilton HM
CX, Bermuda.

The reported securities may be deemed to be indirectly beneficially owned by the
list of entities described on the previous paragraphs except for RES whose
direct beneficial ownership is listed below. The Reporting Persons disclaim
beneficial ownership of the reported securities except to the extent of their
pecuniary interest therein, and this report shall not be deemed an admission
that such Reporting Persons are the beneficial owners of the securities for
purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or
for any other purpose.

As of March 16, 2016:

(i)     Elsztain is the Chairman of the Board of Directors of IFISA, Cresud,
        CAM, CVC Uruguay, Agroinvestment, IRSA, Efanur, Jiwin and Tyrus, except
        for RES, a company in which Jiwin (a company wholly owned by IRSA) is
        the General Partner
(ii)    Elsztain is the beneficial owner of 52.9% of IFIS by virtue of his
        indirect holdings in IFIS and powers of attorney granted to him.
        Elsztain also owns 85.0 of CAM which owns 0.0001% of Cresud and 100% of
        CVC Uruguay which in turn owns 0.0002% of Cresud's shares and 100% of
        CVC Cayman. None of these companies directly own Common Stock of Condor
        Hospitality Trust, Inc. ("CDOR"). Elsztain also directly owns 0.0002% of
        IRSA's outstanding stock and 0.0001% of Cresud's shares;
(iii)   CVC Cayman serves as the Investment Manager of IFIS;
(iv)    IFIS is the direct owner of 100% of the common stock of IFISA;
(v)     IFISA directly owns 35.83% of Cresud's shares. IFISA does not directly
        own CDOR's Common Stock;
(vi)    Cresud directly owns 62.99% of IRSA's common shares and 100% of Helmir.
        Cresud does not directly own CDOR's Common Stock;
(vii)   Helmir directly owns 0.39% of IRSA's common shares. Helmir does not
        directly own Common Stock;
(viii)  IRSA owns 100% of Tyrus'. IRSA does not directly own CDOR's Common
        Stock;
(ix)    Tyrus owns 100% of the capital stock of Jiwin. Tyrus does not directly
        own CDOR's Common Stock;
(x)     Jiwin serves as general Partner of RES; Jiwin does not directly own
        CDOR's Common Stock;
(xi)    Efanur is the major limited Partner of RES. Efanur owns directly 312,500
        of CDOR's Common Stock; RES owns 949,223 Shares of Common Stock of
        Condor and 3,245,156 shares of Series D Stock convertible into
        20,282,225 shares of Common Stock and a Note convertible for Series D
        Stock (which is convertible for up to 632,249 shares of Common Stock),
        subject to the 49% limitation. Also, RES owns 3,750,000 warrants of
        Condor, with no voting rights, exercisable into 3,750,000 Common Stock
        of Condor, subject to a 34% voting rights limitation.
</PRE>
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