Insider Trades - LATHAM WILLIAM C

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LATHAM WILLIAM C: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Supertel Hospitality, Inc. Director NasdaqGM:SPPR (historical quotes, profile, other insiders)	5-Dec-08 2-Apr-09	80,000 863,611 943,611	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
2-Apr-09 *863,611 SPPR Acquisition (Non Open Market)
5-Dec-08 25,000 SPPR Purchase at $1.71 - $1.77 per share.
(Cost of about $44,000)
3-Dec-08 55,000 SPPR Statement of Ownership

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
2-Apr-09	*863,611	SPPR	Acquisition (Non Open Market)
5-Dec-08	25,000	SPPR	Purchase at $1.71 - $1.77 per share. (Cost of about $44,000)
3-Dec-08	55,000	SPPR	Statement of Ownership