Edition:
India

NexPoint Hospitality Entered Settlement Agreement With Condor Hospitality Trust


Thursday, 15 Oct 2020 

Oct 15 (Reuters) - NexPoint Hospitality Trust ::NEXPOINT HOSPITALITY TRUST - ENTERED SETTLEMENT AGREEMENT WITH CONDOR HOSPITALITY TRUST FOLLOWING CONDOR'S TERMINATION OF MERGER DEAL.NEXPOINT HOSPITALITY TRUST - CO & UNITS AGREED TO MAKE THREE PAYMENTS TO CONDOR TOTALING $7 MILLION.NEXPOINT HOSPITALITY TRUST - IF SETTLEMENT PAYMENTS ARE NOT TIMELY MADE, CO WILL BE OWING ADDITIONAL $4.9 MILLION TO CONDOR. 

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2 Nov 2020