MHI Hospitality Corporation Announces 50% Increase to Dividend
24 Juillet 2012 - 3:00PM
Business Wire
MHI Hospitality Corporation (NASDAQ: MDH) today
announced that its Board of Directors has declared a quarterly cash
dividend of $0.03 per common share of beneficial
interest. The quarterly dividend will be paid on October 11, 2012
to shareholders of record as of September 14, 2012.
About MHI Hospitality Corporation
MHI Hospitality Corporation is a self-managed and
self-administered lodging REIT focused on the acquisition,
renovation, upbranding and repositioning of upscale to upper
upscale full-service hotels in the Mid-Atlantic and Southern United
States. Currently, the Company’s portfolio consists of investments
in ten hotel properties, nine of which are wholly-owned and
comprise 2,113 rooms. All of the Company’s wholly-owned properties
operate under the Hilton Worldwide, InterContinental Hotels Group
and Starwood Hotels and Resorts brands. The Company has a 25.0
percent interest in the Crowne Plaza Hollywood Beach Resort. MHI
Hospitality Corporation was organized in 2004 and is headquartered
in Williamsburg, Virginia. For more information please visit
www.mhihospitality.com.
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