Supertel Hospitality (SPPR) Appoints Kelly A. Walters as CEO

Supertel Hospitality, Inc. (NASDAQ: SPPR) announced that Kelly A. Walters will join the company as president and chief executive officer, effective April 14, 2009. Walters was a senior vice president at Investors Real Estate Trust (NASDAQ: IRET). He will succeed Paul J. Schulte, the current president and chief executive officer. Schulte, 75, will continue as chairman of the board.

As of March 31, 2009, Supertel Hospitality, Inc. owns 122 hotels comprised of 10,659 rooms in 24 states. The company's hotel portfolio includes Super 8, Comfort Inn/Comfort Suites, Hampton Inn, Holiday Inn Express, Supertel Inn, Days Inn, Ramada Limited, Guest House Inn, Sleep Inn, Savannah Suites, Masters Inn, Key West Inns and Baymont Inn. [SM]