NORFOLK, NE, Oct 13, 2010 (MARKETWIRE via COMTEX) -- Supertel Hospitality, Inc. /quotes/comstock/15*!sppr/quotes/nls/sppr (SPPR 1.36, +0.04, +3.03%) , a real estate investment trust (REIT) which owns 108 hotels in 23 states, announced that it closed on the sale of three hotels on October 12, 2010. The three economy hotels are the 45-room Booneslick Lodge in Jane, Missouri, the 47-room Booneslick Lodge in Neosho, Missouri and the 58-room Super 8 hotel in Neosho, Missouri. Combined gross proceeds from the sales totaled $2.6 million, the majority of which will be used to reduce company debt.
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