X0306 4 2012-08-20 0 0000929545 SUPERTEL HOSPITALITY INC SPPR 0001037182 ELSZTAIN EDUARDO S BOLIVAR 108 BUENOS AIRES C1 C1066AAD ARGENTINA 0 0 1 0 0001476663 CONSULTORES ASSETS MANAGEMENT STOCK CORP BOLIVAR 108, PISO 2? BUENOS AIRES C1 C1066AAD ARGENTINA 0 0 1 0 0001476664 CONSULTORES VENTURE CAPITAL LTD RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 0 0 1 0 0001034957 CRESUD INC MORENO 877 BUENOS AIRES C1 C1091AAQ ARGENTINA 0 0 1 0 0001476653 CONSULTORES VENTURE CAPITAL URUGUAY STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 0 0 1 0 0001476665 AGROINVESTMENT STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 0 0 1 0 0001541641 REAL ESTATE STRATEGIES LP 2 CHURCH STREET HAMILTON D0 HM CX BERMUDA 0 0 1 0 0000933267 IRSA INVESTMENTS & REPRESENTATIONS INC BOLIVAR 108 BUENOS AIRES C1 C1066AAD ARGENTINA 0 0 1 0 0001477078 Ifis LTD FLORIDA 537, PISO 18? BUENOS AIRES C1 C1005AAK ARGENTINA 0 0 1 0 0001476654 INVERSIONES FINANCIERAS DEL SUR STOCK CORP RUTA 8, KM. 17.500 EDIFICIO 3, LOCAL 3 MONTEVIDEO X3 91600 URUGUAY 0 0 1 0 Series C Cumulative Convertible Preferred Shares 3000000 I See Footnote Common Stock 2012-08-20 4 P 0 7763 0.9173 A 35287 I See Footnote Common Stock 2012-08-21 4 P 0 6800 0.91 A 42087 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 2 is being filed by the following persons: Efanur S.A., Tyrus S.A., Idalgir S.A., and Jiwin S.A. /s/ Eduardo S. Elsztain 2012-08-22 /s/ Consultores Assets Management S.A. by Eduardo S. Elsztain, Chairman of the Board 2012-08-22 /s/ Consultores Venture Capital Limited by Eduardo S. Elsztain, Chairman of the Board 2012-08-22 /s/ Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria by Eduardo S. Elsztain, Chairman of the Board 2012-08-22 /s/ Consultores Venture Capital Uruguay SA by Eduardo S. Elsztain, Chairman of the Board 2012-08-22 /s/ Agroinvestment S.A. by Eduardo S. Elsztain, Chairman of the Board 2012-08-22 /s/ Real Estate Strategies LP by Eduardo S. Elsztain, Chairman of the Board of Jiwin S.A., General Partner 2012-08-22 /s/ IRSA Inversiones y Representaciones Sociedad Anonima by Eduardo S. Elsztain, Chairman of the Board 2012-08-22 /s/ IFIS Limited by Eduardo S. Elsztain, Chairman of the Board 2012-08-22 /s/ Inversiones Financieras del Sur S.A. by Eduardo S. Elsztain, Chairman of the Board 2012-08-22