UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._______)*
Supertel Hospitality Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
868524109
(CUSIP Number)
December 31, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X} Rule 13d-1(b)
[ } Rule 13d-1(c)
[ } Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in 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 (however, see the
Notes).
<PAGE>
CUSIP No. 868524109
1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
KPM Investment Management Inc. 47-0776925
2. Check the Appropriate Box if a Member of a Group.
(a) _____
(b) X
-----
3. SEC Use Only.
4. Citizenship or Place of Organization. State of Nebraska
Number of Shares Beneficially Owned by Each Reporting Person With:
5. Sole Voting Power 0
6. Shared Voting Power 0
7. Sole Dispositive Power 0
8. Shared Dispositive Power 0
9. Aggregate Amount Beneficially Owned by Each Reporting Person. 0
10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares. ( )
11. Percent of Class Represented by Amount in Row (11) 0%
12. Type of Reporting Person. Investment Advisor (IA)
<PAGE>
SCHEDULE 13G
Item 1.
(a) Name of Issuer: Supertel Hospitality Inc.
(b) Address of Issuer's Principal Executive Offices:
309 North 5th Street, Norfolk, NE 68701
Item 2.
(a) Name of Person Filing: KPM Investment Management Inc.
(b) Address of Principal Business Office:
10250 Regency Circle, Omaha, NE 68114
(c) Citizenship: State of Nebraska
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 868524109
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or
(c), chick whether the person filing is a:
(e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 0
(b) Percent of class: 0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 0
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose or to direct the disposition of: 0
Item 5. Ownership of Five Percent or Less of a Class. [X]
Item 6. Ownership of more than Five Percent on behalf of another person.
N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.
N/A
Item 8. Identification and Classification of Member of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certification
(a) The following certification shall be included if the statement is filed
pursuant to 240.13d-1(b):
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were no acquired and are not held in connection with or as a
participant in any transaction having such purposes or effect.
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.
Date February 11, 2000
--------------------------------
Date
/s/ Rodney D. Cerny
--------------------------------
Signature
Rodney D. Cerny, President & CIO
--------------------------------
Name/ Title
