Supertel Hospitality Announces Non-Cash Asset Impairment Charge of ...

NORFOLK, NE--(Marketwire - March 8, 2010) - Supertel Hospitality, Inc. ( NASDAQ : SPPR ), a real estate investment trust (REIT) which owns 114 hotels in 23 states, today announced that its 2009 results will be impacted by substantial non- cash ... The non-cash impairment charge represents the excess of book value of the 18 hotels over their estimated fair value. Through the 2009 third quarter, the company had announced non-cash impairment charges of approximately $843000.