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WILLIAMSBURG, Va.--([ BUSINESS WIRE ])--[ MHI Hospitality Corporation ] (NASDAQ: MDH) (the aCompanya) today announced that its Board of Directors has declared a quarterly cash dividend of$0.02per common share of beneficial interest. The quarterly dividend will be paid on July 11, 2012 to shareholders of record as of June 15, 2012.

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 Companyas portfolio consists of investments in ten hotel properties, nine of which are wholly-owned and comprise 2,113 rooms. All of the Companyas 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 ].