NORFOLK, NE--(Marketwire - Nov 19, 2012) - Supertel Hospitality, Inc. (
The company has taken significant steps to divest of non-core assets and provide funding for the acquisition of premium-branded select-service hotels. Year-to-date the company has sold eight non-core assets generating gross proceeds of approximately $15 million.
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.