Full Disclosure: I have a significant position in both the Supertel Hospitality "A" and "B" Shares.
Several articles have been written about Supertel Hospitality (SPPR), Supertel Preferred A (SPPRP) and B (SPPRO) shares over the previous few years as Supertel Hospitality has gone through wrenching changes. After having built up a large portfolio of hotels in the run-up to the financial crisis, company leadership changed strategy, moving the company in a new direction. This new direction has resulted in a significant net reduction in hotel and room count, in order to focus on the very best of assets and to "move up" from a focus on economy and mid-level hotels into a greater emphasis on moderate upscale and upscale
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