MHI Hospitality Corporation (NASDAQ: MDH) (the “Company”) announced that the Company will report financial results for the third quarter 2011 prior to the market opening on Tuesday, November 8, 2011. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company’s third quarter 2011 results. The information to be discussed on the call will be contained in the Company’s earnings release, which will be available via MHI Hospitality Corporation’s website at www.mhihospitality.com in the Investor Relations section under Financial Information.

The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 877-317-6789 (United States), 866-605-3852 (Canada) or +1 412-317-6789 (International). To participate on the webcast, log on to www.mhihospitality.com at least 15 minutes before the call to download the necessary software. For those unable to listen to the call live, a taped rebroadcast will be available approximately one hour after completion of the live call on November 8, 2011 through September 30, 2012. To access the rebroadcast, dial 877-344-7529 and enter conference number 10004772. A replay of the call will also be available on the Internet at www.mhihospitality.com until September 30, 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 Company’s portfolio consists of investments in ten hotel properties, nine of which are wholly-owned and comprise 2,110 rooms. All of the Company’s 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. The Company also has a leasehold interest in the common area of Shell Island Resort, a resort condominium property. MHI Hospitality Corporation was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information please visit www.mhihospitality.com.

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