Ifis Form 4 CONDOR HOSPITALITY TRUST / EDUARDO S ELSZTAIN ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CONSULTORES ASSETS MANAGEMENT STOCK CORP

(Last) (First) (Middle)

BOLIVAR 108, PISO 2?

(Street)

BUENOS AIRES C1 C1066AAD

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CONDOR HOSPITALITY TRUST, INC. [ CDOR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/28/2017		C		20,282,225	A	$1.6	21,213,448	I	By Group
Common Stock								312,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series D Cumulative Convertible Preferred Stock	$1.6	02/28/2017		C			3,245,156	03/16/2016	(1)	Common Stock	20,282,225	$0	0	I(2)	By Group
Series E Cumulative Convertible Preferred Stock	$2.13	02/28/2017		A		487,738		02/28/2019	(3)	Common Stock	2,289,849	$10	487,738	I(2)	By Group

1. Name and Address of Reporting Person^*

CONSULTORES ASSETS MANAGEMENT STOCK CORP

(Last) (First) (Middle)

BOLIVAR 108, PISO 2?

(Street)

BUENOS AIRES C1 C1066AAD

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

ELSZTAIN EDUARDO S

(Last) (First) (Middle)

108 LER PISO CAPITAL FEDERAL

BUENOS AIRES ARGENTINA

(Street)

SOUTH AMERICA C1 00000

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

REAL ESTATE STRATEGIES LP

(Last) (First) (Middle)

2 CHURCH STREET

(Street)

HAMILTON D0 HM CX

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

CONSULTORES VENTURE CAPITAL LTD

(Last) (First) (Middle)

RUTA 8, KM. 17.500

EDIFICIO 3, LOCAL 3

(Street)

MONTEVIDEO X3 91600

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

CRESUD INC

(Last) (First) (Middle)

MORENO 877

(Street)

BUENOS AIRES C1 C1091AAQ

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP

(Last) (First) (Middle)

RUTA 8, KM. 17.500

EDIFICIO 3, LOCAL 3

(Street)

MONTEVIDEO X3 91600

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

AGROINVESTMENT STOCK CORP

(Last) (First) (Middle)

RUTA 8, KM. 17.500

EDIFICIO 3, LOCAL 3

(Street)

MONTEVIDEO X3 91600

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

IRSA INVESTMENTS & REPRESENTATIONS INC

(Last) (First) (Middle)

BOLIVAR 108

(Street)

BUENOS AIRES C1 C1066AAD

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ifis LTD

(Last) (First) (Middle)

FLORIDA 537, PISO 18?

(Street)

BUENOS AIRES C1 C1005AAK

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

INVERSIONES FINANCIERAS DEL SUR STOCK CORP

(Last) (First) (Middle)

RUTA 8, KM. 17.500

EDIFICIO 3, LOCAL 3

(Street)

MONTEVIDEO X3 91600

(City) (State) (Zip)

Explanation of Responses:

1. The Series D Cumulative Convertible Preferred Stock does not have an expiration date.

2. Members of the board of directors of the Issuer were designated by contractual right by Real Estate Strategies L.P., and as a result for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons are deemed to be directors of the Issuer by deputization.

3. The Series E Cumulative Convertible Preferred Stock does not have an expiration date.

Remarks:

This Form 4 is being filed in two parts due to the ten person reporting limitation of the electronic filing system. Part 1 is being filed by the following persons: Eduardo S. Elsztain, Consultores Assets Management, S.A., Consultores Venture Capital Limited, Cresud Sociedad Anonima Comercial, Consultores Venture Capital Uruguay, SA, Real Estate Strategies L.P., IRSA Inversiones y Representaciones Sociedad Anonima, IFIS Limited, and Inversiones Financieras del Sur S.A. Part 2 is being filed by the following persons: Efanur S.A., Tyrus S.A., and Jiwin S.A.

	/s/ Consultores Assets Management S.A. by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ Eduardo S. Elsztain	03/02/2017
	/s/ Real Estate Strategies L.P. by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ Consultores Venture Capital Limited by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ Cresud Sociedad Anonima Comercial by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ Consultores Venture Capital Uruguay SA by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ Agroinvestment S.A. by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ IRSA Inversiones y Representaciones Sociedad Anonima by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ IFIS Limited by Eduardo Elsztain, Chairman of the Board	03/02/2017
	/s/ Inversiones Financieras del Sur S.A. by Eduardo Elsztain, Chairman of the Board	03/02/2017
	** Signature of Reporting Person	Date
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