MHI Hospitality Corporation Announces Retirement of CFO, Appoints Successor

  MHI Hospitality Corporation Announces Retirement of CFO, Appoints Successor

Business Wire

WILLIAMSBURG, Va. -- January 3, 2013

MHI Hospitality Corporation (NASDAQ: MDH) (“MHI” or the “Company”) today
announced that William J. Zaiser, MHI’s Executive Vice President, Chief
Financial Officer and corporate Secretary, retired from the Company as of
December 31, 2012. Mr. Zaiser will continue to serve as a consultant to the
Company. Following Mr. Zaiser’s retirement, MHI’s Board of Directors appointed
Mr. Anthony E. Domalski as Chief Financial Officer. Mr. Domalski has been
MHI’s Vice President and Chief Accounting Officer since May 2005. The Company
also appointed Patrick V. Fiel, Jr., the Company’s General Counsel, to the
additional role of MHI’s corporate Secretary.

Andrew M. Sims, Chairman and Chief Executive Officer ofMHI, commented, “On
behalf of the Company and the Board of Directors, I want to thank Bill for his
many years of service and leadership. Bill has played an integral role in the
growth of the Company since joining MHI in 1986. We look forward to his
continued contributions as a consultant to the Company.” Mr.Sims added, “We
are pleased to promote Tony Domalski to Chief Financial Officer. Tony brings
invaluable expertise and experience that will ensure continuity of the
reporting function.”

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


MHI Hospitality Corporation
Scott Kucinski
Director - Investor Relations
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