  We conjecture a two-dimensional conformal field theory built out of a linear
dilaton and a compact $\beta\gamma$ system deformed by winding condensates on
each of the compact cycles. In particular, explicit expressions of the residues
of the correlation functions are provided. As a worldsheet theory, it describes
a stringy black hole in AdS$_3$ (supported by the Kalb-Ramond flux) at the
Hawking-Page temperature. It is expected to be connected to the
Horowitz-Polchinski-like solution near the Hagedorn temperature of thermal
AdS$_3$ and Euclidean BTZ blackhole as we vary the temperature.
