SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
June 3, 1998
Date of Report (Date of earliest event reported)
Supertel Hospitality, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-23536 47-0774097
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
309 North 5th Street, Norfolk, NE 68701
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code
(402) 371-2520
Item 5. OTHER EVENTS.
On June 3, 1998, Supertel Hospitality, Inc. ("Supertel") and PMC
Commercial Trust ("PMC") issued a press release announcing that the companies
had executed an Agreement and Plan of Merger, whereby Supertel will merge with
and into PMC. Further, Supertel entered into an Agreement of Sale with Norfolk
Hospitality Management Co. ("Norfolk Hospitality") whereby Norfolk Hospitality
will acquire certain assets of Supertel immediately prior to the merger. The
press release, Agreement and Plan of Merger and Agreement of Sale are filed
hereto as exhibits.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
Exhibit 99.1 Press Release dated June 3, 1998.
Exhibit 99.2 Agreement and Plan of Merger
Exhibit 99.3 Agreement of Sale
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SUPERTEL HOSPITALITY, INC.
Date: June 4, 1998 By: /s/ Paul J. Schulte
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Paul J. Schulte
President and
Chief Executive Officer