Exhibit 4.8

    

    

    [FORM OF NOTICE TO BENEFICIAL STOCKHOLDERS OF COMMON STOCK]

    

    

    CONDOR HOSPITALITY TRUST, INC.

    

    

    NOTICE TO CLIENTS OF STOCKHOLDERS WHO ARE ACTING AS NOMINEES

    

    

    Up to 4,000,000 Shares of Common Stock Issuable Upon Exercise of Non-Transferable Rights

    

    

    Enclosed for your consideration is a prospectus, dated                          , 2021 (the “Prospectus”), relating to 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 Stockholders”) 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 up to 4,000,000 shares of its Common Stock, on the terms and subject to the conditions described in the Prospectus. The Rights may be exercised by the 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 the New York Stock Exchange or any other securities exchange or automated quotation system.

    

    

    As described in the Prospectus, you will receive one Right for each share of Common Stock carried by us in your account on the Record Date. The Rights entitle you 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 will be evidenced by subscription certificates (the “Subscription Certificates”).

    

    

    Enclosed are copies of the following documents:

     

    

    	
            1.

          	
            Prospectus, dated                    , 2021; and

          
	 	 
	
            2.

          	
            Beneficial Owner Election Form.

          


    

    

    THE MATERIALS ENCLOSED ARE BEING FORWARDED TO YOU AS THE BENEFICIAL OWNER OF COMMON STOCK CARRIED BY US IN YOUR ACCOUNT BUT NOT REGISTERED IN YOUR NAME. EXERCISES OF RIGHTS MAY ONLY BE MADE BY US AS THE RECORD OWNER AND
      PURSUANT TO YOUR INSTRUCTIONS.

    

    

    Accordingly, we request instructions as to whether you wish us to elect to subscribe for any shares of Common Stock to which you are entitled pursuant to the terms and subject to the conditions set forth in the enclosed Prospectus. However, we
      urge you to read the Prospectus carefully before instructing us to exercise any Rights.

    

    

    Your instructions to us should be forwarded as promptly as possible in order to permit us to exercise the Rights on your behalf in accordance with the provisions of the offering. The offering will expire at 5:00 p.m., New York City time, on the
      Expiration Date. You will have no right to rescind your subscription after receipt of your payment of the subscription price or Notice of Guaranteed Delivery, except as described in the Prospectus. Rights not exercised at or prior to 5:00 p.m., New
      York City time, on the Expiration Date will expire.

    

    

    If you wish to have us, on your behalf, exercise your Rights for any shares of Common Stock to which you are entitled, please so instruct us by completing, executing and returning to us the Beneficial Owner Election Form included with this letter.

    

    

    ANY QUESTIONS OR REQUESTS FOR ASSISTANCE CONCERNING THE RIGHTS OFFERING SHOULD BE DIRECTED TO BROADRIDGE CORPORATE ISSUER SOLUTIONS INC., THE INFORMATION AGENT, TOLL-FREE AT THE FOLLOWING TELEPHONE NUMBER: +1 (855)
      793-5068.