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


                               September 21, 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.

         Effective  September  21,  1998,  Supertel  Hospitality,  Inc.  and PMC
Commercial  Trust amended the Agreement and Plan of Merger dated June 3, 1998 to
extend certain items therein by 30 days. A copy of the  amendment,  incorporated
by this reference, is attached as an exhibit hereto.

ITEM 7.           EXHIBITS

         Exhibit 99.1   Amendment dated September 21, 1998 to Agreement and Plan
                        of Merger.






                                   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: September 22, 1998                      By: /s/ Paul J. Schulte
                                              --------------------------
                                              Paul J. Schulte
                                              President and
                                              Chief Executive Officer