Supertel Hospitality Board of Directors Suspends Dividend on Common Stock

FOX -- Supertel Hospitality, Inc. (NASDAQ: SPPR: 0.967, 0.0327, 3.5%), a real estate investment trust (REIT: undefined, undefined, undefined%) which owns 122 hotels in 24 states, today announced that its board of directors has voted to suspend the quarterly dividend on the company’s common stock. This decision to suspend the dividends on the common stock does not apply to the regular dividends that are paid on the company’s Series A Preferred Stock and Series B Preferred Stock.