Humphrey Hospitality Trust, Inc. Announces Monthly Dividend Payment; Schedule for October 1999 to December 1999

Business Wire,  Oct 13, 1999  

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SILVER SPRING, Md.--(BUSINESS WIRE)--Oct 13, 1999--

Humphrey Hospitality Trust, Inc. (NASDAQ:HUMP) today announced the monthly dividend payment schedule for October 1999 to December 1999 as follows:

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October 1999
         Declared for Shareholders of Record                10/21/1999
         Paydate                                            11/30/1999

November 1999
         Declared for Shareholders of Record                11/30/1999
         Paydate                                            12/31/1999

December 1999
         Declared for Shareholders of Record                12/31/1999
         Paydate                                            01/31/2000

The monthly dividend will be paid at the rate of $.075 per share which represents an annualized rate of $.90 per share.

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 recently announced that its shareholders have approved a merger agreement with Supertel Hospitality, Inc. (Nasdaq/National Market: SPPR).

After the merger, which is expected to close before October 31, 1999, the combined company will own 88 hotels in 19 mid-western and eastern states.

Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors that could cause results to differ materially from those anticipated by the forward-looking statements are discussed from time to time in reports filed with the Securities and Exchange Commission.

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