MHI Hospitality Corporation Schedules Fourth Quarter 2012 Earnings Release and Conference Call

MHI Hospitality Corporation (NASDAQ: MDH) (the “Company”) announced that the Company will report financial results for the fourth quarter 2012 prior to the market opening on Tuesday, February 19, 2013. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company’s fourth quarter 2012 results. The information to be discussed on the call will be contained in the Company’s earnings release, which will be available via MHI Hospitality Corporation’s website at www.mhihospitality.com in the Investor Relations section under Financial Information.

The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 888-317-6016 (United States), 855-669-9657 (Canada) or [phone] (International). To participate on the webcast, log on to www.mhihospitality.com at least 15 minutes before the call to download the necessary software. For those unable to listen to the call live, a taped rebroadcast will be available approximately one hour after completion of the live call on February 19, 2013 through December 31, 2013. To access the rebroadcast, dial 877-344-7529 and enter conference number 10023435. A replay of the call will also be available on the Internet at www.mhihospitality.com until December 31, 2013.

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.