SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
[Amendment No. 1]
Under the Securities Exchange Act of 1934
SUPERTEL HOSPITALITY, INC.
(Name of Issuer)
COMMON STOCK $.01 PAR VALUE
(Title of Class of Securities)
868524 10 9
(CUSIP Number)
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act.
1. Name of Reporting Persons/I.R.S. Identification Nos. of
Above Persons (Entities Only)
STEVE H. BORGMANN, ###-##-####
2. Check the Appropriate Box if a Member of a Group
[ ] (a) [ ] (b)
3. SEC Use Only
4. Citizenship or Place of Organization: United States
5. Sole Voting Power
664,026 Shares
Number of
Shares 6. Shared Voting Power
Beneficially
Owned by 82,932 Shares
Reporting
Person 7. Sole Dispositive Power
With
664,026 Shares
8. Shared Dispositive Power
82,932 Shares
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
746,958 Shares
10. Check Box if Aggregate Amount in Row 11 Excludes Certain Shares:
[ ]
11. Percent of Class Represented by Amount in Row 11: Approximately
15.4% of voting securities.
12. Type of Reporting Person: IN
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ITEM 1(a). NAME OF ISSUER:
Supertel Hospitality, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
309 North 5th Street, Norfolk, Nebraska, 68701
ITEM 2(a). NAME OF PERSON FILING:
Steve H. Borgmann
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE,
RESIDENCE:
309 North 5th Street, Norfolk, Nebraska, 68701.
ITEM 2(c). CITIZENSHIP: United States
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock $.01 Par Value
ITEM 2(e). CUSIP NUMBER: 868524 10 9
ITEM 3. This Amendment No. 1 amends a Schedule 13G dated January 12,
1995, within 45 days following the end of the calendar year
in which Supertel Hospitality, Inc. became subject to the
filing requirements of the Securities Exchange Act of 1934
upon completion of its initial public offering. Borgmann's
ownership of Supertel Hospitality, Inc. common stock existed
prior to the completion of Supertel's initial public
offering.
ITEM 4. OWNERSHIP.
If the percent of the class owned as of December 31 of the year covered
by the statement, or as of the last day of any month described in Rule
13d-1(b)(2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right to
acquire:
(a) Amount beneficially owned: 746,958
(b) Percent of Class: 15.4%
(c) Number of shares as to which such person has:
(i) Sole Power to vote or to direct the vote: 664,026
(ii) Shared power to vote or to direct the vote: 82,932
(iii) Sole power to dispose or to direct the disposition of:
664,026
(iv) Shared power to vote or to direct the disposition of:
82,932
<PAGE>
Mr. Borgmann also holds options to acquire an aggregate of 17,500
shares of Supertel common stock. The shares issuable upon exercise of such
options are not included in the foregoing amounts.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not Applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not Applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED.
Not Applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
January 14, 1998
-------------------------------
(Date)
/s/ Steve H. Borgmann
-------------------------------
Steve H. Borgmann
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