Humphrey Hospitality Trust, Inc. (Nasdaq/National Market: HUMP) today announced that on June 23, 1999, the company completed the sale of its Rodeway Inn in Wytheville, VA. The property was sold for $1.45 Million and the company used the proceeds of the sale to pay down debt.
Humphrey Hospitality Trust, Inc. is a self-advised real estate investment trust headquartered in Silver Spring, Maryland, which owns twenty-five hotels located in nine eastern states. Humphrey Hospitality Trust just recently announced a merger agreement with Supertel Hospitality, Inc., (Nasdaq/National Market: SPPR) and if approved by shareholders and closed, the combined company will own 88 hotels in 19 mid-western and eastern states.
Certain matters within this press release are discussed using forward-looking language as specified in the 1995 Private Securities Litigation Reform Law, and, if any, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. From time to time, these risks are discussed in the Company`s filings with the Securities and Exchange Commission.