X0306 4 2016-03-16 0 0000929545 CONDOR HOSPITALITY TRUST, INC. CDOR 0001541641 REAL ESTATE STRATEGIES LP BOLIVAR 108 BUENOS AIRES C1 066AAD ARGENTINA 1 0 1 0 0001037182 ELSZTAIN EDUARDO S 108 LER PISO CAPITAL FEDERAL BUENOS AIRES ARGENTINA SOUTH AMERICA C1 00000 ARGENTINA 1 0 1 0 0001476663 CONSULTORES ASSETS MANAGEMENT STOCK CORP BOLIVAR 108, PISO 2 BUENOS AIRES C1 C1066AAD ARGENTINA 1 0 1 0 0001476664 CONSULTORES VENTURE CAPITAL LTD RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 1 0 1 0 0001034957 CRESUD INC MORENO 877 BUENOS AIRES C1 C1091AAQ ARGENTINA 1 0 1 0 0001476653 CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 1 0 1 0 0001476665 AGROINVESTMENT STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 1 0 1 0 0000933267 IRSA INVESTMENTS & REPRESENTATIONS INC BOLIVAR 108 BUENOS AIRES C1 C1066AAD ARGENTINA 1 0 1 0 0001477078 Ifis LTD FLORIDA 537, PISO 18 BUENOS AIRES C1 C1005AAK ARGENTINA 1 0 1 0 0001476654 INVERSIONES FINANCIERAS DEL SUR STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 1 0 1 0 Series D Preferred Stock 1.60 2016-03-16 4 A 0 3245156 A 2016-03-16 Common Stock 20282225 3245156 D Series C Preferred Stock 1.60 2016-03-16 4 D 0 3000000 D 2012-02-01 Common Stock 18750000 0 D The reporting person exchanged 3,000,000 shares of Series C Preferred Stock and received 3,245,256 shares of Series D Preferred Stock in an issuer exchange offer. Neither Series C Preferred Stock or Series D Preferred Stock have an Expiration Date. (2) Members of the board of directors of the Issuer were designated by contractual right by Real Estate Strategies LLC, 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) Please also see Exhibit. Form 1 of 2. Eduardo S. Elsztain, By: s/ Eduardo Elsztain, Name: Eduardo S. Elsztain 2016-03-22 Consultores Assets Management S.A., By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 Consultores Venture Capital Limited, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 Consultores Venture Capital Uruguay SA, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 Agroinvestment S.A., By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 Real Estate Strategies LP, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 IRSA Inversiones y Representaciones Sociedad Anonima, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 IFIS Limited, By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22 Inversiones Financieras del Sur S.A., By: /s/ Eduardo Elsztain, Name: Eduardo S. Elsztain, Title: Chairman of the Board 2016-03-22