NORFOLK, NE--(Marketwired - Sep 26, 2013) - Supertel Hospitality, Inc. (
"Given current market conditions, our pricing expectations, and after discussion with the underwriters, we have decided to withdraw our proposed public offering," said Kelly Walters, President and Chief Executive Officer.
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. In particular, there can be no assurances that the offering of common stock will be consummated.