Key Developments: Supertel Hospitality Inc (SPPR.W)
1.12USD
6 May 2013
$0.01 (+0.90%)
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$1.12
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Latest Key Developments (Source: Significant Developments)
Supertel Hospitality Inc Announces Dividends On Series A Preferred Stock
Supertel Hospitality Inc announced that a regular monthly cash dividend of $0.066667 per share of Series A Preferred Stock will be paid on April 30, 2013 to holders of record as of April 1, 2013; paid on May 31, 2013 to holders of record as of May 1, 2013; and paid on July 1, 2013 to holders of record as of June 3, 2013. Full Article
Supertel Hospitality Inc Announces Sale Of Two Economy Hotels
Supertel Hospitality Inc announced that it sold the 63-room Guesthouse Inn in Ellenton, Florida for $1.26 million, and the 120-room Days Inn North in Fredericksburg, Virginia for $2.05 million. Supertel purchased the Ellenton Guesthouse property in June 1998 as part of a three hotel portfolio. The Fredericksburg (North) Days Inn was purchased in July 2007. The hotels were no longer classified as core assets primarily due to age and chain scale classification. The Company will use the proceeds to reduce corporate debt and for general corporate purposes. The sale of the hotels demonstrates the Company's continued commitment to the business plan which calls for the divesture of non-core properties to provide funding for the acquisition of premium-branded, select-service hotels. Full Article
Supertel Hospitality Inc Announces Dividends on Preferred Stock
Supertel Hospitality Inc announced the declaration and the continuation of regular dividends on its outstanding preferred stock. The regular monthly cash dividend of $0.066667 per share of Series A Preferred Stock will be paid on February 28, 2013 to holders of record as of February 1, 2013; and paid on April 1, 2013 to holders of record as of March 1, 2013. The regular quarterly cash dividend of $0.625 per share of Series B Preferred Stock will be paid on April 1, 2013 to holders of record as of March 15, 2013. The regular quarterly cash dividends for the Series C Preferred Stock of $0.15625 per share will be paid on April 1, 2013 to the holders of record as of March 15, 2013. Full Article
Supertel Hospitality Inc Announces Sale Of Jackson, TN GuestHouse Inn
Supertel Hospitality Inc announced that it sold the 114-room GuestHouse Inn in Jackson, Tennessee for $1.1 million. Supertel purchased the property in July 1998 and it was no longer classified as a core holding. The Company will use the proceeds from the sale for general corporate purposes. Full Article
Supertel Hospitality Inc Announces Sale of Dover Comfort Suites for $1.9 Million
Supertel Hospitality Inc announced that it has sold the 64-room Comfort Suites hotel in Dover, Delaware on December 14, 2012 for $1.9 million. The hotel was previously secured with the Greenwich Capital loan and was unencumbered as part of the recent loan refinancing. Supertel will use the proceeds from the sale for general corporate purposes and to fund future growth. Full Article
Supertel Hospitality Inc Announces Sale Of Antigo Super 8
Supertel Hospitality Inc announced that it has sold the 52-room Super 8 hotel in Antigo, Wisconsin on November 16, 2012, for $1.0 million. Supertel will use the proceeds from the sale to retire the mortgage on the property. The Company has taken 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. Full Article
Supertel Hospitality Inc Announces To Acquire TownePlace Suites In Des Moines / Urbandale, Iowa
Supertel Hospitality Inc announced that it has entered into an agreement to acquire the TownePlace Suites, located in Johnston (Urbandale), Iowa for a purchase price of $10.2 million, excluding closing costs and fees. The 116 room studio-suite hotel opened in December 2007, and features four unique one and two bedroom floor plans that cater to an extended-stay guest with separate living and sleeping areas, home office with complimentary high-speed wireless Internet, and fully equipped kitchen. In addition, the hotel includes 1,000 square feet of function space, a fitness area, and indoor pool. The hotel is ideally located off I-80, minutes from downtown Des Moines, and nearby multiple national corporations, popular shopping, dining, recreation, and entertainment areas. Full Article
Supertel Hospitality Inc Announces Dividends On Preferred Stock
Supertel Hospitality Inc announced regular monthly cash dividend of $0.066667 per share of Series A Preferred Stock will be paid on October 31, 2012 to holders of record as of October 1, 2012; paid on November 30, 2012 to holders of record as of November 1, 2012; and paid on December 31, 2012 to holders of record as of December 1, 2012. The regular quarterly cash dividend of $0.625 per share of Series B Preferred Stock will be paid on December 31, 2012 to holders of record as of December 15, 2012. The regular quarterly cash dividends for the Series C Preferred Stock of $0.15625 per share will be paid on October 1, 2012 to the holders of record as of September 15, 2012. Full Article
Supertel Hospitality Inc Announces Dividends On Series B Preferred Stock
Supertel Hospitality Inc announced the declaration of dividends on its Series B Preferred Stock, a continuation of regular dividends on its preferred dividends. The regular quarterly cash dividend of $0.625 per share of Series B Preferred Stock will be paid on October 1, 2012 to holders of record as of September 15, 2012. Full Article
Supertel Hospitality Inc Does Not Declare Dividend
Supertel Hospitality Inc announced that it did not declare a common stock dividend for the second quarter of 2012. Full Article
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