SOURCE: Supertel Hospitality, Inc.
NORFOLK, NE–(Marketwire – September 3, 2010) – Supertel Hospitality, Inc. (
“Over the course of the last fourteen years, I have worked on numerous real estate financings with Mr. Frandeen while he was at the First National Bank of Omaha, and consistently found him to be a tough but fair lender. Not only does he possess a tremendous breadth of real estate knowledge, Dick also understands what kind of operators have the ability to succeed in a competitive environment,” said Kelly Walters, Supertel’s President and CEO. “Mr. Frandeen’s skills and experience will complement nicely the talents already resident on our Board of Directors.”
Mr. Frandeen’s appointment increases the total number of directors to nine and independent directors to seven. Mr. Frandeen will also serve on the Company’s compensation committee.
About Supertel Hospitality, Inc.
As of August 31, 2010, Supertel Hospitality, Inc. (
Mr. Kelly A. Walters
President & CEO
Ms. Connie Scarpello
Sr. Vice President & CFO
Supertel Hospitality, Inc.
309 N 5th St.
Norfolk, NE 68701