MHI Hospitality Corporation Commences Trading on NASDAQ

WILLIAMSBURG, Va., March 11  /PRNewswire-FirstCall/ -- MHI Hospitality Corporation (NASDAQ:MDH) announced that the Company commenced trading today of its common stock on The NASDAQ Stock Market LLC(R).  The Company is trading under the symbol NASDAQ: MDH and will no longer trade on the American Stock Exchange.

Andrew M. Sims, President and CEO of MHI Hospitality Corporation, said, "We are very pleased with our move to the NASDAQ market system and view it as a natural progression in our Company's growth and evolution. We believe this robust electronic market structure will enhance our liquidity and visibility, while providing investors with efficient and cost effective trade execution."

About MHI Hospitality Corporation

MHI Hospitality Corporation is a self-advised lodging REIT focused on the acquisition, redevelopment and management of mid-scale, upscale and upper upscale full service hotels in the Mid-Atlantic, Midwest and Southeastern United States.  Currently, the Company's portfolio consists of eight properties comprising 1,971 rooms, all of which operate under the Hilton, InterContinental Hotels Group and Starwood Hotels and Resorts brands. In addition, the Company has a 25 percent interest in the Crowne Plaza Resort Hollywood Beach and a leasehold interest in the common area of Shell Island Resort, a resort condominium property.  MHI Hospitality Corporation was organized in 2004 and is listed on the Russell Microcap(TM) Index. The Company is headquartered in Williamsburg, Virginia.  For more information please visit http://www.mhihospitality.com/.

About NASDAQ

NASDAQ(R) is the largest U.S. electronic stock market.  With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market.  NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks.  For more information about NASDAQ, visit the NASDAQ website at http://www.nasdaq.com/ or the NASDAQ Newsroom(SM) http://www.nasdaq.com/newsroom.

Forward-Looking Statements

This news release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933.  Although the Company believes that the expectations and assumptions reflected in the forward-looking statements are reasonable, these statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond the Company's control.  Therefore, actual outcomes and results may differ materially from what is expressed, forecasted or implied in such forward-looking statements.  Economic conditions generally and the real estate market specifically, management and performance of the Company's hotels, plans for hotel renovations, financing plans, supply and demand for hotel rooms in the Company's current and proposed market areas, the Company's ability to acquire additional properties and the risk that potential acquisitions may not perform in accordance with expectations, legislative/regulatory changes, including changes to laws governing taxation of real estate investment trusts and competition, and other factors, may affect the Company's future results, performance and achievements.  These risks and uncertainties are described in greater detail under "Risk Factors" in the Company's Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.  The Company undertakes no obligation and does not intend to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Although we believe our current expectations to be based upon reasonable assumptions, we can give no assurance that our expectations will be attained or that actual results will not differ materially. 

DATASOURCE: MHI Hospitality Corporation



CONTACT:  Bill Zaiser, Chief Financial Officer, of MHI Hospitality

Corporation, [phone]; or Vicki Baker, General Information, of

Financial Relations Board, [phone], for MHI Hospitality Corporation



Web site:  http://www.mhihospitality.com/ 

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