Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Prior to amendment on November 17, 2009, the employment agreements with three executives of Supertel Hospitality, Inc. (the "Company") provided that the executives would receive one year's base salary as severance if the Company discharged the executives without cause. On November 17, 2009 the agreements with the three executives were amended so that the severance will be paid only if a change in control of the Company has occured and within one year thereafter the Company discharges the executive without cause or the executive quits for good reason. On November 17, 2009 the Company also entered into a similar employment agreement with Kelly Walters, President and Chief Executive Officer. The amended employment agreements with the three executives, Steven C. Gilbert, Chief Operating Officer, Corrine L. Scarpello, Chief Financial Officer, and David L. Walter, Senior Vice President and Treasurer, and the employment agreement with Mr. Walters are filed with this Form 8-K as exhibits and incorporated herein by reference.

The agreements continue until terminated by either party at any time, immediately if for cause, or following 30 days notice if without cause. The agreements, like the prior agreements, contain confidentiality and noncompetition covenants, provide that base salaries will be reviewed annually and provide that the executives will be considered for cash bonuses and option grants annually. The annual base salaries of $262,000 for Mr. Walters, $112,000 for Mr. Gilbert, $127,500 for Ms. Scarpello, and $135,000 for Mr. Walter, remain unchanged.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits. 10.1 Employment Agreement of Kelly Walters, dated November 17, 2009 10.2 Amended and Restated Employment Agreement of Steven C. Gilbert, dated November 17, 2009 10.3 Amended and Restated Employment Agreement of Corrine L. Scarpello, dated November 17, 2009 10.4 Amended and Restated Employment Agreement of David L. Walter, dated November 17, 2009

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