SPPR Profile
Supertel Hospitality, Inc. (SPPR) is a real estate investment trust (REIT) that primarily invests in limited-service hotels in the United States. The company owns and operates hotels under various brands, including Hilton, Marriott, and InterContinental Hotels Group.
Supertel Hospitality's portfolio consists of more than 20 hotels with approximately 2,200 guestrooms located in 12 states throughout the United States. The company's hotels are located in secondary and tertiary markets, providing travelers with affordable accommodations in areas that may not have many lodging options.
As a REIT, Supertel Hospitality is required to distribute at least 90% of its taxable income to shareholders in the form of dividends, making it an attractive investment for income-seeking investors. However, like many hospitality companies, Supertel Hospitality has faced challenges due to the COVID-19 pandemic, which has significantly impacted the travel industry.
In recent years, Supertel Hospitality has undergone a significant transformation, selling off many of its non-core assets and focusing on a smaller portfolio of hotels. The company has also implemented various cost-cutting measures to improve profitability and strengthen its balance sheet. As of February 2023, the stock was traded over the counter (OTC) and was priced at around $0.22 per share.
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