Condor Hospitality's Hotels Revamped To Drive Revenue Growth
Zacks Investment Research | Mar 21, 2018 10:30PM ET
Condor Hospitality Trust, Inc. (NYSE:CDOR) made a few capital improvements in in its hotels, the Aloft Leawood Kansas City and the Marriott Courtyard Jacksonville Florida. The improvements were done with the aim to improve the experience for the guests.
The guestrooms and hallways have been modernized at the Aloft Leawood Kansas City hotel, using new wall-coverings, changed lightings and customized carpet, which is in sync with the new design structure at Aloft, which was executed by Marriott.
On the other hand, a firepit was constructed in the outdoor courtyard near the pool at the Marriott Courtyard Jacksonville. Some more recreational activities were included in the same area.
Further, Hampton Inn Lake Mary is being renovated by Condor. The changes include an improved business center, a sophisticated front desk, an innovative grab-and-go option and an additional meeting space.
Jeff Dougan, Condor’s chief operating officer, informed, “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."
These redevelopment efforts are likely to lure customers and in turn drive the revenues higher.
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