Supertel Hospitality Announces Dividends on Series B Preferred Stock

NORFOLK, NE--(Marketwire - Sep 5, 2012) - Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which currently owns 94 hotels in 23 states, today announced the declaration of dividends on its Series B Preferred Stock, a continuation of regular dividends on its preferred dividends.

The regular quarterly cash dividend of $0.625 per share of Series B Preferred Stock will be paid on October 1, 2012 to holders of record as of September 15, 2012.

About Supertel Hospitality, Inc.

Supertel Hospitality, Inc. (SPPR) is a self-administered real estate investment trust that specializes in the ownership of select-service hotels. The company currently owns 94 hotels comprising 8,283 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.