NORFOLK, NE--(Marketwire - Jul 22, 2011) - Supertel Hospitality, Inc. (
"In June of this year we implemented a decentralized operating strategy that involved regionalizing the hotel management companies. This decision materially reduced our space requirements at the home office, and thus we found ourselves with too many unused offices in a property that would not lend to a multi-tenant application, so the decision was made to sell the property and move the headquarters staff to more efficient leased space within Norfolk," said Kelly A. Walters, Supertel's president and CEO.
About Supertel Hospitality, Inc.
As of July 22, 2011, Supertel Hospitality, Inc. (
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.
Contact Information:
Supertel Hospitality, Inc.
309 N 5th St.
Norfolk, NE 68701
402.371.2520
www.supertelinc.com
Contact:
Ms. Krista Arkfeld
Director of Corporate Communications
karkfeld@supertelinc.com