Saturday, March 15, 2008

Supertel Hospitality, Inc. Declares First Quarter 2008 Dividend


NORFOLK, NE – Supertel Hospitality, Inc. (NASDAQ: SPPR), a self-administered real estate investment trust, has announced that its board of directors has declared a cash dividend to its common stock shareholders for the 2008 first quarter.

A dividend of $0.12¾ per share will be distributed on April 30, 2008 to common shareholders of record on March 31, 2008. The payment is equal to the 2007 fourth quarter dividend and is an increase of $0.01½ from the $0.11¼ dividend paid for the same period a year earlier.
Supertel Hospitality, Inc. specializes in limited-service lodging.
The company owns 125 hotels in 24 states.

Contacts:
Jerry Daly, Carol McCune, Julie Tulibane
Daly Gray Public Relations
PH 703 435 6293
FX 703 435 6297
julie@dalygray.com

Donovan A. Heimes
Chief Financial Officer
Supertel Hospitality
402 371 2520

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