SOURCE: Supertel Hospitality, Inc.

Supertel Hospitality, Inc.

January 22, 2013 09:00 ET

Supertel Hospitality Announces Dividends on Preferred Stock

NORFOLK, NE--(Marketwire - Jan 22, 2013) - Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which currently owns 86 hotels in 22 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 February 28, 2013 to holders of record as of February 1, 2013; and paid on April 1, 2013 to holders of record as of March 1, 2013.

The regular quarterly cash dividend of $0.625 per share of Series B Preferred Stock will be paid on April 1, 2013 to holders of record as of March 15, 2013.

The regular quarterly cash dividends for the Series C Preferred Stock of $0.15625 per share will be paid on April 1, 2013 to the holders of record as of March 15, 2013.

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 86 hotels comprising 7,618 rooms in 22 states. Supertel's hotels are franchised by a number of the industry's most well-regarded brand families, including Hilton, 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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