Supertel Hospitality Reports 2010 Third Quarter Results

 --  Revenue from continuing operations rose 6.5 percent
   --  Net loss per diluted share of $(0.02) compared to prior year
       net loss of $(0.06) per diluted share
   --  FFO of $0.10 per diluted share, and FFO without impairment of
       $0.15 per diluted share
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Supertel Hospitality, Inc. Announces Sale of Three Missouri Economy Hotels for $2.6 Million

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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Supertel Hospitality, Inc. Announces Sale of Hotel Properties

NORFOLK, NE, Jul 12, 2010 (MARKETWIRE via COMTEX) -- Supertel Hospitality, Inc. (Supertel), a real estate investment trust (REIT) which owns 111 hotels in 23 states, announced today that it closed on the sale of three hospitality properties during the past 35 days. Combined net proceeds from the sales totaled $3.02 million, which were used by Supertel to reduce balances on the company's credit facilities.

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Supertel Hospitality Reports 2009 Fourth Quarter, Full-Year Results

NORFOLK, NE -- (MARKET WIRE) -- 03/31/10 -- Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 114 hotels in 23 states, today announced its results for the fourth quarter and year ended December 31, 2009.


Revenues from continuing operations for the 2009 fourth quarter decreased 10.5 percent to $19.6 million, compared to the year-ago period, and decreased 10.4 percent to $89.0 million for the full year. Net loss attributable to common shareholders was $(25.7) million, or $(1.17) per diluted share, for the 2009 fourth quarter, compared to net earnings available to common shareholders of $3.0 million, or $0.14 per diluted share, in the 2008 same quarter. For the full year 2009, net loss attributable to common shareholders was $(28.9) million, compared with net earnings available to common shareholders of $5.5 million in 2008.

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Supertel Hospitality Reports 2009 Second Quarter Results

NORFOLK, NE -- (MARKET WIRE) -- 08/06/09 -- Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 120 hotels in 24 states, today announced results for the second quarter ended June 30, 2009.
Revenues from continuing operations for the 2009 second quarter declined 12.3 percent to $27.9 million, compared to the 2008 second quarter. Net income attributable to common shareholders in the 2009 second quarter was $0.9 million, or $.04 per fully diluted share, compared to $1.9 million, or $0.09 per diluted share, in the 2008 second quarter.
Funds from operations (FFO) in the 2009 second quarter was $3.5 million, or $0.16 per diluted share, compared to $5.6 million or $0.26 per diluted share in the 2008 second quarter. Adjusted earnings before interest, taxes, depreciation and amortization, non-controlling interest and preferred stock dividends (Adjusted EBITDA) decreased 16.6 percent to $8.2 million, compared to the 2008 second quarter.

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Supertel Hospitality Reports 2009 First Quarter Results

NORFOLK, NE -- (MARKET WIRE) -- 05/07/09 -- Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 122 hotels in 24 states, today announced results for the first quarter ended March 31, 2009.
Revenues from continuing operations for the 2009 first quarter declined 9.6 percent to $23.1 million, compared to the 2008 first quarter. Net loss attributable to common shareholders in the 2009 first quarter was $(2.7) million, or $(0.13) per fully diluted share, compared to $(1.1) million, or $(0.05) per diluted share, in the 2008 first quarter.
Funds from operations (FFO) in the 2009 first quarter was $1.1 million, or $0.05 per diluted share, compared to $2.5 million or $0.12 per diluted share in the 2008 first quarter. Adjusted earnings before interest, taxes, depreciation and amortization, non-controlling interest and preferred stock dividends (Adjusted EBITDA) decreased 40.2 percent to $3.4 million, compared to the 2008 first quarter.
First Quarter Highlights
-- Outperformed the hotel industry in revenue per available room (RevPAR)
with a decline of 8.4 percent, compared to an industry-wide decline of 17.7
percent, according to Smith Travel Research data.
-- Sold one hotel, began marketing seven additional hotels for sale.