Supertel (SPPR) Sells Muscatine, IA Super 8 for $1.3M
Tweet
Share
E-mail
Supertel Hospitality, Inc. (NASDAQ: SPPR) today announced that it closed on the sale of a 63 room Super 8 hotel in Muscatine, Iowa on March 27, 2012, at a sale price of $1.3 million. The hotel no longer met the company's investment criteria primarily due to size and age. Net proceeds were used to reduce related mortgage debt.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Two Harbors receives final approval for CrossCountry Mortgage merger
- Evolution Petroleum closes $16M Midland Basin royalty acquisition
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
