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Capital Offerings Profile
Company NameSupertel Hospitality, Inc.
Offering TypeCommon Stock - Other
DescriptionCommon stock, $0.01 par value
ISINUS8685261047
Currency of IssueUSD
Trading Symbol (Exchange)SPPR (NASDAQ)
 
Announcement Date3/31/2010
Trade Date9/24/2010
Settlement Date9/28/2010
Completion Date9/24/2010
Shelf Filing Date11/13/2007
 
144a?No
Mandatory Redemption?No
Convertible?No
Exchange for Existing Issue?No

Use of Proceeds
The net proceeds from this offering will be used for general corporate purposes. The company will contribute all the net proceeds to its operating partnership, Supertel Limited Partnership in exchange for common partnership interests having substantially identical economic terms as the company's common stock. The operating partnership will use the proceeds from this offering to repay outstanding indebtedness on the company's revolving credit facility with the Great Western Bank, permitting future borrowing to meet short-term liquidity requirements.

Pricing
Offer Price ($)1.2420
Gross Amount Offered ($000)30
Amount Including Overallotment ($000)30
Shares Offered24,156
Total Shares Offered24,156
Original Shelf Value ($000)100,000

Underwriting Fees
Gross Spread (%)4.00

UnderwritersShares UnderwrittenAmount Underwritten($000)
Agent(s)
  YA Global Master SPV Ltd.24,15630

Professionals
Issuer's CounselMcGrath, North, Mullin & Kratz, P.C.
Auditor(s)KPMG, LLP
Clearing House(s)Depository Trust Company

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