Exhibit 4.9

    

    

    [FORM OF NOTICE OF GUARANTEED DELIVERY]

    

    

    CONDOR HOSPITALITY TRUST, INC.

    

    

    NOTICE OF GUARANTEED DELIVERY

    RELATING TO SHARES SUBSCRIBED FOR PURSUANT

    TO THE SUBSCRIPTION RIGHT

    

    

    As set forth in Condor Hospitality Trust, Inc.’s (the “Company’s”) Prospectus, dated                          , 2021, under “The Rights Offering—Payment for
      Shares,” this form (or one substantially equivalent hereto) may be used as a means of effecting the subscription and payment for shares of common stock, par value $0.01 per share, of the Company subscribed for pursuant to the subscription right. Such
      form may be delivered or sent by overnight delivery or first class mail to the Subscription Agent and must be received prior to 5:00 p.m., New York City time, on                          , 2021, the expiration date, unless extended by the Company (as
      it may be extended, the “Expiration Date”).

    

    

    The Subscription Agent is:

    Broadridge Corporate Issuer Solutions, Inc.

    Attention: Condor Hospitality Trust, Inc. Rights Offering

    

    

    	
            By Regular Mail Only

            (No Overnight/Express Mail):

            Broadridge Corporate Issuer

            Solutions, Inc.

            Attn: BCIS Re-Organization Dept.

            P.O. Box 1317

            Brentwood, NY 11717-0693

          	
            By Hand or Overnight Delivery:

            Broadridge Corporate Issuer

            Solutions, Inc.

            Attn: BCIS IWS

            51 Mercedes Way

            Edgewood, NY 11717

          


    

    

    DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY.

    

    

    The Eligible Guarantor Institution (as that term is defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended), which may include (i) a
      commercial bank or trust company, (ii) a member firm of a domestic stock exchange or (iii) a savings bank or credit union, that completes this form must communicate the guarantee and the number of shares of common stock subscribed for pursuant to
      both the subscription right to the Subscription Agent and the Subscription Agent must receive this Notice of Guaranteed Delivery at or prior to the Expiration Date, guaranteeing delivery to the Subscription Agent of (a) full payment for all shares of
      common stock subscribed for pursuant to the subscription right and (b) a properly completed and duly executed Subscription Certificate. The Subscription Certificate and full payment must be received by the Subscription Agent at or prior to 5:00 p.m.,
      New York City time, on                          , 2021 (or, if the offer is extended, at or prior to 5:00 p.m., New York City time, on the third business day after the Expiration Date). Failure to timely and properly deliver this Notice of Guaranteed
      Delivery or to make the delivery guaranteed herein will result in a forfeiture of the rights.

    

    

    This Notice of Guaranteed Delivery shall not be used to guarantee signatures. If a signature on the Subscription Certificate is required to be guaranteed by
      an Eligible Guarantor Institution (as that term is defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended) under the instructions to the Subscription Certificate, the signature guarantee must appear in the applicable space
      provided in the signature box on the Subscription Certificate.

    
      
        


    

    

    

    GUARANTEE

    

    

    The undersigned, an Eligible Guarantor Institution (as that term is defined in Rule 17Ad-15 of the Securities Exchange Act of 1934, as amended) guarantees
      delivery to the Subscription Agent at or prior to 5:00 p.m., New York City time, on                          , 2021 (or, if the offer is extended, by the close of business on the third business day after the Expiration Date) of (i) a properly
      completed and duly executed Subscription Certificate and (ii) full payment of the estimated subscription price for each share of common stock subscribed for pursuant to the subscription right, as subscription for such shares is indicated herein and
      on the Subscription Certificate.

    

    

    Broker Assigned Control #

    

    

    CONDOR HOSPITALITY TRUST, INC.

    

    

    	
            1. Subscription Right

          	
            Number of rights exercised:

          	 	 	
            rights

          
	 
	 	
            Number of shares subscribed for pursuant to the subscription right for which you are guaranteeing delivery of the Subscription Certificate and full
              payment:

          	 	 	
            shares

          
	 
	 	
            Payment to be made in connection with subscription right:

          	
            $

          	 	 
	 
	 	 	
            (Shares × $             ,

             the subscription price)

          
	 
	
            2.

          	
            Total payment to be made:

          	
            $

          	 	 
	 
	
            3. Method of Delivery

            (Check one):

          
	 
	
             ̈ Through the Depository Trust Company (“DTC”)

          
	 
	
             ̈ Direct to Broadridge Corporate Issuer Solutions, Inc., as the Subscription Agent.

          


    
      
        


    

    Please assign above a unique control number for each guarantee submitted. This number needs to be referenced on any direct delivery or any delivery through
      DTC.

     

    

    	 	 	 
	
            Name of Firm

          	 	 
	 	 	 
	 	 	 
	
            Authorized Signature

          	 	 
	 	 	 
	 	 	 
	
            Name (Please print or type)

          	 	 
	 	 	 
	 	 	 
	
            Title:

          	 	 
	 	 	 
	 	 	 
	
            DTC Participant Number

          	 	 
	 	 	 
	 	 	 
	
            Contact Name

          	 	 
	 	 	 
	 	 	 
	
            Address

          	 	 
	 	 	 
	 	 	 
	
            City

          	
            State

          	
                        Zip Code

          
	 	 	 
	 	 	 
	
            Phone Number

          	 	 
	 	 	 
	 	 	 
	
            Date