On January 17, 2013, Supertel Hospitality, Inc. (the "Company") entered into a Sixth Amendment to Amended and Restated Loan Agreement dated effective as of December 31, 2012 (the "Amendment") with Great Western Bank (the "Lender") to amend various terms of the Amended and Restated Loan Agreement dated December 3, 2008 by and between the Company and the Lender (as amended, the "Agreement").

The Amendment, among other things:

· increases the availability of the revolving credit facility under the Agreement from $11.5 million to $12.5 million, subject to borrowing base limitations;

· provides for the re-amortization of the principal and interest payments on the term loans under the Agreement upon any prepayment of such loans; and

· modifies the manner in which the loan-specific and consolidated debt service coverage ratios required to be maintained under the Agreement are calculated, including making the debt service component of the covenants forward-looking to accommodate hotel dispositions and related debt paydowns.

The Amended and Restated Loan Agreement dated December 3, 2008 was previously filed with, and is described in, the Company's Current Report on Form 8-K dated December 3, 2008. The first, second and third amendments thereto are described in the Company's Annual Reports on Form 10-K for the years ended December 31, 2008, December 31, 2009 and December 31, 2010, respectively, and were filed with the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2009, March 31, 2010 and March 31, 2011, respectively. The fourth and fifth amendments thereto were previously filed with, and are described in, the Company's Current Reports on Form 8-K dated December 9, 2011 and February 21, 2012, respectively. This description of the Amendment is qualified in its entirety by reference to the Amendment attached to this report as Exhibit 10.1 and incorporated herein by reference.

(c) Exhibits.

10.1  Sixth Amendment to Amended and Restated Loan Agreement
      dated effective as of December 31, 2012 by and between
      Supertel Hospitality, Inc. and Great Western Bank.