NORFOLK, NE--(Marketwire - Dec 17, 2012) - Supertel Hospitality, Inc. (
The company has taken significant steps to strengthen its balance sheet since the beginning of the year. Year-to-date the company has sold nine hotels generating gross proceeds of approximately $16.9 million. The Comfort Suites was purchased in January 1997 and no longer met the company's size criteria for long-term holdings.
About Supertel Hospitality, Inc.
Supertel Hospitality, Inc. (
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.