Item 8.01 Other Events

On November 30, 2009, the offering period of MHI Hospitality Corporation's previously announced rights offering expired. On December 2, 2009, MHI Hospitality Corporation announced the results of its common stock rights offering. As a result of the rights offering, MHI Hospitality Corporation has issued 2,132,021 shares of its common stock, at a subscription price of $1.60 per share and for gross proceeds of approximately $3.4 million to the holders of record as of the close of business on October 14, 2009 who exercised their rights pursuant to the basic and over-subscription privileges. A copy of the press release announcing the results of the rights offering is included as Exhibit 99.1 to this Form 8-K report and is incorporated by reference herein.

The information contained in this Form 8-K, including the exhibit attached hereto, are provided pursuant to Item 8.01 of Form 8-K and shall not be deemed "filed" hereunder for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1 Press release by MHI Hospitality Corporation announcing completion of its rights offering dated December 2, 2009.

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