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
October 15, 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 October 15, 1998, Supertel Hospitality, Inc. and PMC Commercial Trust
mutually terminated the Agreement and Plan of Merger dated June 3, 1998. Copies
of the termination agreement and related press release, each incorporated by
this reference, are attached as exhibits hereto.
ITEM 7. EXHIBITS
Exhibit 99.1 Termination and Release Agreement dated October 15, 1998.
Exhibit 99.2 Supertel Press Release.
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.
By: /s/ Paul J. Schulte
Date: October 15, 1998 __________________________
Paul J. Schulte
President and Chief Executive Officer