Source: Condor Hospitality Trust, Inc.

Supertel Hospitality Announces Dividends on Series A Preferred Stock

NORFOLK, NE--(Marketwire - Mar 19, 2013) - Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT), 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 April 30, 2013 to holders of record as of April 1, 2013; paid on May 31, 2013 to holders of record as of May 1, 2013; and paid on July 1, 2013 to holders of record as of June 3, 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 84 hotels comprising 7,431 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

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:

For Immediate Release
Ms. Krista Arkfeld
Director of Corporate Communications