MHI Hospitality Corporation Announces Increase to Dividend

  MHI Hospitality Corporation Announces Increase to Dividend

Business Wire

WILLIAMSBURG, Va. -- January 22, 2013

MHI Hospitality Corporation (NASDAQ: MDH) (the “Company”)  today announced
that its Board of Directors has declared a quarterly cash dividend
of$0.035per issued and outstanding common share of the Company. The
quarterly dividend will be paid on April 11, 2013 to shareholders of record as
of March 15, 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.

Contact:

MHI Hospitality Corporation
Scott Kucinski
Director - Investor Relations
757-229-5648
scottkucinski@mhihospitality.com
 
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