>MHI Hospitality Corporation Reports Financial Results for First Quarter 2009

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>WILLIAMSBURG, Va., May 6 /PRNewswire-FirstCall/ — MHI Hospitality Corporation (Nasdaq: MDH) (the “Company”), a self-advised lodging real estate investment trust (REIT), today reported its consolidated results for the first quarter ended March 31, 2009.
HIGHLIGHTS:
Funds from Operations (“FFO”) increased 41.4 percent to approximately $0.10 per share over the first quarter 2008
Total revenue decreased 0.1 percent over first quarter of 2008
Total assets of approximately $220.9 million at March 31, 2009, versus approximately $170.4 million at the end of the first quarter 2008
Renovations completed at the Tampa, Florida and Hampton, Virginia properties, which concludes near-term portfolio asset improvement plans

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