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

jerry@dalygray.com

carol@dalygray.com

julie@dalygray.com

Donovan A. Heimes

Chief Financial Officer

Supertel Hospitality

402 371 2520

dheimes@supertelinc.com

The Mele Group of Marcus & Millichap Sells All U Can Storage I & II Portfolio for $2,128,500

TAMPA, FL --The sale of All U Can Storage I & II Portfolio (site map at left) has been announced by Michael A. Mele, (photo top right) Vice President/ Investments and The Mele Group of Marcus & Millichap Real Estate.

The property sold for $2,128,500 to an individual investor based in Bradenton, Florida. Mike Mele, Scott Rutherford, and Will Gendron of The Mele Group of Marcus & Millichap represented both parties in the transaction.

“This was an excellent opportunity for these experienced self storage operators to acquire a local portfolio with realistic upside in rents and occupancy," says Mele. "Due to the unique nature of self storage properties, our specialization and expertise in the industry were vital in communicating with the buyer and seller to complete this transaction."

The All U Can Storage Portfolio is a 38,200 net rentable square feet self storage portfolio that sits on a combined 2.81 (MOL) acres of ground for its two locations in Bradenton, Florida. The portfolio offered the opportunity for the buyers to purchase a stabilized self storage facility located in one of the fastest growing counties in Florida with substantial upside by raising rents and maximizing economic occupancy.

Contacts:

Michael A. Mele

Marcus & Millichap

813 387 4700

Elizabeth Scarwid
Marketing Coordinator
The Mele Group of Marcus & Millichap
Real Estate Investment Brokerage Company of Florida
7650 Courtney Campbell Causeway, # 920
Tampa, FL 33607

Marcus & Millichap Sells Quail Point Apartments in Phoenix for $15.85M

PHOENIX, AZ – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Quail Point Apartments (above photo) a 264-unit multi-family community in Phoenix. The sales price of $15.85 million represents $60,038 per unit.

Michael Hubl, a vice president of investments and associate director of Marcus & Millichap’s National Multi Housing Group in Phoenix, and Ryan Ash, a senior associate also in the firm’s Phoenix office, represented the seller, New Castle Investments LLC. Marcus & Millichap also represented the buyer, Thomas Christensen and Craig Haskell of 3 Street Financial LLC.
“Quail Point Apartments is a well-maintained multi-family community in the thriving Phoenix market,” says Hubl.

Located at 3045 North 67th Ave., Quail Point Apartments features a mix of one- and two-bedroom units with spacious floor plans. Amenities include air conditioning, ceiling fans, controlled-access entry, covered parking lot, extra storage, fireplaces in select units, on-site laundry facility, private patio or balcony, sauna and tennis court.

Contact:
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/

Marcus & Millichap Closes $11M Shopping Center Sale in Deland, FL

DELAND, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Victoria Square, a 113,050-square foot shopping center in Deland (Downtown Deland photo at right). The sales price is $11 million.

Jack Holly, a vice president of investments and director in the Orlando office of Marcus & Millichap’s National Retail Group, represented the seller, a local attorney. The buyer is Southeastern Realty Group Inc.

“The new owner has acquired a well-maintained retail center with great upside potential at an attractive cap rate of 8.24 percent,” says Holly. Located at 1710 S. Woodland Blvd., the shopping center is situated on a 14.85-acre lot along the main retail corridor in Deland, home to Stetson University (photo at left) and just a short drive from DaytonaBeach and Orlando.

Victoria Square boasts a strong mix of national, regional and local tenants, including Fred’s, Gator’s Dockside, H&R Block, Pinch-A-Penny, RentWay, Tuesday Morning and Victoria Square 6 Theatres, the only movie theater in Deland.

Contact:
Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/

Arbor Closes $2,400,000 Fannie Mae DUS® 3Max Express® Loan for Watauga Manor Apartments in Fayetteville, NC

UNIONDALE, NY--Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,400,000 loan using Fannie Mae’s DUS® 3Max Express® program to acquire the 79-unit complex known as Watauga Manor Apartments (photo top left) in Fayetteville, NC.

The 10-year loan amortizes on a 30-year schedule, and carries a note rate of 6.61 percent.

The loan was originated by John Edwards, Director, in Arbor’s full-service Boston, MA lending office. “This transaction reflects our sincere desire to provide financing to strong local owners and operators while establishing long-term business relationships,” said Edwards. “We look forward to providing financing for this client when the need arises.”

DUS and 3MaxExpress are registered trademarks of Fannie Mae

Contacts:
Arbor Commercial Mortgage LLC

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

http://www.arbor.com/

Ingrid Principe

Tel: (516) 506-4298

Arbor Closes $13,500,000 Fannie Mae DUS® Loan for Adams Lake Apartments in Fayetteville, NC

UNIONDALE, NY -- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $13,500,000 loan under the Fannie Mae DUS® product line to finance the 216-unit complex known as the Adams Lake Apartments (photo top right) in Fayetteville, NC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.91 percent.

The loan was originated by John Edwards, (photo at left) Director, in Arbor’s full-service Boston, MA lending office. “We were pleased with the opportunity to finance a strong asset with equally strong management and sponsorship,” said Edwards. “This transaction required us to craft a loan structure that matched the client’s immediate funding needs. We look forward to continuing our relationship with this client.”

DUS and 3MaxExpress are registered marks of Fannie Mae.

Contact:

Arbor Commercial Mortgage LLC
Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

http://www.arbor.com/

Ingrid Principe

Tel: (516) 506-4298
iprincipe@arbor.com

Arbor Promotes John Natalone to Executive Vice President

UNIONDALE, NY - Arbor Commercial Mortgage, LLC (“Arbor”) announces the promotion of John Natalone (top right photo) to Executive Vice President. Mr. Natalone is responsible for managing all financing and bank relationships for the Company. Additionally, Mr. Natalone will also oversee Arbor’s Treasury and Servicing Operations. He previously held the title of Senior Vice President.

Mr. Natalone joined Arbor in 1991 and is a member of Arbor Realty Trust’s Loan Committee and serves on Arbor Commercial Mortgage’s Risk Management Committee. Prior to joining Arbor, Mr. Natalone held positions at GE Mortgage and Ernst & Young.

Mr. Natalone received a Bachelor of Science in Accounting from Penn State University and is a Certified Public Accountant. He resides in Dix Hills, NY.

Arbor Commercial Mortgage, LLC, and Arbor Realty Trust, Inc., have extensive experience in mortgage origination, servicing and securitization and have built a reputation for service, quality and flexibility. Arbor’s seasoned management team specializes in debt and equity financing for multifamily, office, retail, hotel and various other commercial real estate properties. The company offers a broad array of financing options including Fannie Mae DUS®, FHA, CMBS, Bridge and Mezzanine products. Currently, Arbor services over $3 billion in loans. Arbor is a rated Standard & Poor’s third-party commercial loan and special servicer.

Arbor also manages Arbor Realty Trust, Inc., a real estate investment trust (REIT), formed to invest in real estate bridge and mezzanine loans, preferred equity investments and in limited cases, discounted mortgage notes and other real estate related assets. Arbor is headquartered in Uniondale, NY, and has full-service lending offices throughout the United States.

Contact;
Ingrid Principe
Marketing Specialist
Arbor Commercial Mortgage, LLC
333 Earle Ovington Boulevard, Suite 900
Uniondale, NY 11553
Phone: 516-506-4298
Fax: 516-542-2555
Email: iprincipe@arbor.com
http://www.arbor.com/