SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                  -------------

                                    FORM 8-K

                                 CURRENT REPORT



                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934


                                  June 16, 1998
                Date of Report (Date of earliest event reported)



                           Supertel Hospitality, Inc.
             (Exact name of registrant as specified in its charter)


         Delaware               7011             47-0774097
     (State or other          (Commission       (IRS Employer
     jurisdiction of          File Number)    Identification No.)
     incorporation)


     309 North 5th Street, Norfolk, Nebraska        68701
     (Address of principal executive offices)     (Zip Code)



               Registrant's telephone number, including area code
                                 (402) 371-2520



















Item 5.   OTHER EVENTS.

     A complaint (the  "Complaint")  has been filed against the registrant,  the
members of its board of directors, and PMC Commercial Trust, Ltd. ("PMC") in the
Delaware Court of Chancery in New Castle County.  The Complaint was  purportedly
filed on behalf of a stockholder of the registrant, and seeks certification as a
class action. The Complaint alleges, among other things, that by entering into a
merger  agreement and related  agreements  with PMC, the  registrant's  board of
directors  did not act in good  faith and in  compliance  with  their  fiduciary
duties to the  registrant's  stockholders.  The  Complaint  seeks to enjoin  the
proposed  merger of the  registrant  with PMC,  rescission  of the  contemplated
merger, if consummated,  and/or compensatory damages,  attorneys fees, and other
relief.  A copy of the  Complaint  is  attached  hereto  as  Exhibit  99.1.  The
registrant  believes that there is no merit to the  allegations of the Complaint
and intends to vigorously defend the action.

Item 7.           Exhibits.

         99.1     Complaint







     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 hereunto duly authorized.

                                 SUPERTEL HOSPITALITY, INC.

                                                  /s/ Paul Schulte
June 16, 1998                                By:__________________________
                                                Paul Schulte
                                                President and
                                                Chief Executive Officer