X0306 4 2012-08-24 0 0000929545 SUPERTEL HOSPITALITY INC SPPR 0001541551 EFANUR Stock Corp. ITUZAING? 1377, PISOS 3, 4 Y 5 MONTEVIDEO X3 11000 URUGUAY 0 0 1 0 0001476667 TYRUS STOCK CORP PLAZA INDEPENDENCIA 811, PB MONTEVIDEO X3 11100 URUGUAY 0 0 1 0 0001479363 Idalgir Stock Corp FLORIDA 537, PISO 18? BUENOS AIRES C1 C1005AAK ARGENTINA 0 0 1 0 0001478101 JIWIN STOCK CORP PLAZA INDEPENDENCIA 811, PB MONTEVIDEO X3 11100 URUGUAY 0 0 1 0 Series C Cumulative Convertible Preferred Shares 3000000 I See Footnote Common Shares 2012-08-24 4 P 0 28600 0.92 A 70687 I See Footnote Common Shares 2012-08-27 4 P 0 7500 0.92 A 78187 I See Footnote Please see Exhibit. This Form 4 is being filed in two parts due to the ten person reporting limitation of the electronic filing system. Part 1 is being filed by the following persons: Eduardo S. Elsztain, Consultores Assets Management S.A., Consultores Venture Capital Limited, Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria, Consultores Venture Capital Uruguay SA, Agroinvestment S.A., Real Estate Strategies LP, IRSA Inversiones y Representaciones Sociedad Anonima, IFIS Limited, and Inversiones Financieras del Sur S.A. /s/ Efanur S.A. by Eduardo S. Elsztain, Chairman of the Board 2012-08-28 /s/ Tyrus S.A. by Eduardo S. Elsztain, Chairman of the Board 2012-08-28 /s/ Idalgir S.A. by Eduardo S. Elsztain, Chairman of the Board 2012-08-28 /s/ Jiwin S.A. by Eduardo S. Elsztain, Chairman of the Board 2012-08-28