Document:

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.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.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

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