(MARKETWIRE via COMTEX) -- Supertel Hospitality, Inc. /quotes/zigman/96946/quotes/nls/sppr SPPR -4.71% , a real estate investment trust (REIT) which owns 101 hotels in 23 states, today announced that it received a notification letter from The Nasdaq Stock Market stating that for the previous 30 consecutive business days, the bid price of the Company's common stock closed below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1) (the "Minimum Bid Price Rule"). The Nasdaq letter has no immediate effect on the listing of the Company's common stock.
About Supertel Hospitality, Inc.
As of September 21, 2011, Supertel Hospitality, Inc. /quotes/zigman/96946/quotes/nls/sppr SPPR -4.71% owns 101 hotels comprised of 8,856 rooms in 23 states. The company's hotel portfolio includes Baymont Inn, Comfort Inn/Comfort Suites, Days Inn, Guest House Inn, Hampton Inn, Holiday Inn Express, Key West Inns, Masters Inn, Quality Inn, Ramada Limited, Savannah Suites, Sleep Inn, Super 8 and Supertel Inn. This diversity enables the company to participate in the best practices of each of these respected hospitality partners. The company specializes in limited service hotels, which do not normally offer food and beverage service. For more information or to make a hotel reservation, visit www.supertelinc.com .
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.
Supertel Hospitality, Inc.
309 N 5th St.
Norfolk, NE 68701
402.371.2520
www.supertelinc.com
Contact:
Ms. Krista Arkfeld
Director of Corporate Communications
karkfeld@supertelinc.com
SOURCE: Supertel Hospitality, Inc.
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