Exhibit 4.7

    

    

    CONDOR HOSPITALITY TRUST, INC.

    

    

    [FORM OF NOTICE TO SHAREHOLDERS WHO ARE ACTING AS NOMINEES]

    

    

    Up to              Shares of Common Stock Issuable Upon Exercise of Non-Transferable Rights

    

    

    This letter is being distributed to broker-dealers, trust companies, banks and other nominees in connection with the offering by Condor Hospitality Trust, Inc. (the “Company”) of non-transferable rights to subscribe for shares of the Company’s
      common stock, par value $0.01 per share (“Common Stock”), by stockholders of record (“Record Date Shareholders”) as of 5:00 p.m., New York City time, on                          , 2021 (the “Record Date”).

    

    

    Pursuant to the offering, the Company is issuing rights (the “Rights”) to subscribe for 4,000,000 shares of its Common Stock, on the terms and subject to the conditions described in the Company’s prospectus, dated                          , 2016
      (the “Prospectus”). The Rights may be exercised by holders thereof (the “Rights Holders”) at any time during the subscription period, which commences on                         , 2021 and ends at 5:00 p.m., New York City time, on                     
         , 2021, unless extended by the Company (as it may be extended, the “Expiration Date”). The Rights are non-transferable and will not be listed for trading on any securities exchange or automated quotation system.

    

    

    The Company will distribute to you one non-transferable right for every share of Common Stock that you own on the Record Date. As described in the Prospectus, Rights Holders will be entitled to purchase 0.31556 shares of Common Stock at the
      subscription price of $2.50 per whole share of Common Stock (the “Subscription Right”).

    

    

    Holders are not required to exercise any or all of their respective subscription rights. Rights may only be exercised for whole numbers of shares; no fractional shares of Common Stock will be issued in this offering.

    

    

    The Rights are evidenced by a subscription certificate (a “Subscription Certificate”) registered in your name or the name of your nominee. Each beneficial owner of shares of the Company’s Common Stock registered in your name or the name of your
      nominee is entitled to one Right for every share of Common Stock owned by such beneficial owner as of the Record Date.

    

    

    We are asking persons who hold shares of the Company’s Common Stock beneficially, and who have received the Rights distributable with respect to those shares through a broker-dealer, trust company, bank or other nominee, to contact the appropriate
      institution or nominee and request it to effect the transactions for them.

    

    

    Enclosed are copies of the following documents:

     

    

    	
            1.

          	
            Prospectus, dated                    , 2021,

          
	 	 
	
            2

          	
            A form of letter which may be sent to beneficial holders of the Company’s Common Stock; and

          
	 	 
	
            3.

          	
            A Notice of Guaranteed Delivery.

          


    

    

    Rights not exercised at or prior to 5:00 p.m., New York City time, on the Expiration Date will expire.

    

    

    Additional copies of the enclosed materials may be obtained from the Information Agent, Broadridge Corporate Issuer Solutions, Inc., toll-free at the following telephone number: _________________.

    

    

    NOTHING HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL MAKE YOU OR ANY OTHER PERSON AN AGENT OF THE COMPANY, THE SUBSCRIPTION AGENT, THE INFORMATION AGENT OR ANY OTHER PERSON MAKING OR DEEMED TO BE MAKING OFFERS OF THE
      SECURITIES ISSUABLE UPON VALID EXERCISE OF THE RIGHTS, OR AUTHORIZE YOU OR ANY OTHER PERSON TO MAKE ANY STATEMENTS ON BEHALF OF ANY OF THEM WITH RESPECT TO THE OFFERING, EXCEPT FOR STATEMENTS MADE IN THE PROSPECTUS.