Insider Trades - BORGMANN STEVE

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BORGMANN STEVE: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Supertel Hospitality, Inc. Director NasdaqGM:SPPR (historical quotes, profile, other insiders)	17-Nov-08	749,875	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
17-Nov-08 25,000 SPPR Purchase at $1.34 - $1.63 per share.
(Cost of about $37,000)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
17-Nov-08	25,000	SPPR	Purchase at $1.34 - $1.63 per share. (Cost of about $37,000)