NORFOLK, Neb., March 12 /PRNewswire-FirstCall/ -- Supertel Hospitality, Inc. (NASDAQ:SPPR), a self-administered real estate investment trust, today announced that its board of directors has declared a cash dividend to its common stock shareholders for the 2008 first quarter.

A dividend of $0.12 3/4 per share will be distributed on April 30, 2008 to common shareholders of record on March 31, 2008. The payment is equal to the 2007 fourth quarter dividend and is an increase of $0.01 1/2 from the $0.11 1/4 dividend paid for the same period a year earlier.

Supertel Hospitality, Inc. specializes in limited-service lodging. The company owns 125 hotels in 24 states.

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.

    Contact:
    Donavon A. Heimes                  Jerry Daly, Carol McCune
    Supertel Hospitality               Daly Gray
    Chief financial officer            (Media contact)
    402.371.2520                       703.435.6293
    Dheimes@supertelinc.com            jerry@dalygray.com

Source: Supertel Hospitality, Inc.