Supertel Hospitality Sells Super 8 for 1.63M

Loading...
Loading...
Supertel Hospitality, Inc.
SPPR
, a real estate investment trust (REIT) which currently owns 97 hotels in 23 states, today announced that it closed on the sale of a 49 room Super 8 hotel in El Dorado, Kansas on April 20, 2012, at a sale price of $1.625 million. The hotel was developed by Supertel in January 1992 and was no longer classified as a core asset of the company, primarily due to size and age. The associated mortgage debt of $840,000 was fully retired with excess proceeds being applied to general corporate purposes.
Posted In: NewsAsset Sales
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...