SOURCE: Supertel Hospitality, Inc.

Supertel Hospitality, Inc.

May 23, 2012 17:42 ET

Supertel Hospitality Announces Dividends on Preferred Stock

NORFOLK, NE--(Marketwire - May 23, 2012) - Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which currently owns 97 hotels in 23 states, today announced the declaration and the continuation of regular dividends on its outstanding preferred stock.

The regular monthly cash dividend of $0.066667 per share of Series A Preferred Stock will be paid on July 2, 2012 to holders of record as of June 1, 2012; paid on July 31, 2012 to holders of record as of July 1, 2012; paid on August 31, 2012 to holders of record on August 1, 2012; and paid on October 1, 2012 to holders of record on September 1, 2012.

The regular quarterly cash dividend of $0.625 per share of Series B Preferred Stock will be paid on July 2, 2012 to holders of record as of June 15, 2012.

The regular quarterly cash dividends for the Series C Preferred Stock of $0.15625 per share will be paid on July 2, 2012 to the holders of record as of June 15, 2012.

About Supertel Hospitality, Inc.

Supertel Hospitality, Inc. (NASDAQ: SPPR) is a self-administered real estate investment trust that specializes in the ownership of select-service hotels. The company currently owns 97 hotels comprising 8,573 rooms in 23 states. Supertel's hotels are franchised by a number of the industry's most well-regarded brand families, including Hilton, IHG, Choice and Wyndham. For more information or to make a hotel reservation, visit www.supertelinc.com.

Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. These risks are discussed in the Company's filings with the Securities and Exchange Commission.

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