MHI Hospitality Corporation Announces Reinstatement of Common Dividend

WILLIAMSBURG, Va.--(BUSINESS WIRE)--MHI Hospitality Corporation (NASDAQ: MDH) (the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per common share of beneficial interest, payable on October 11, 2011 to shareholders of record as of September 15, 2011. The common dividend represents a 3.0% annualized yield based on the closing price of the common shares on July 18, 2011.