NORFOLK, NE--(Marketwired - September 12, 2014) - Supertel Hospitality, Inc. (
The Board of Directors has established a search committee to identify a new CEO.
Walters said, "I have enjoyed my years as the executive leader of Supertel immensely. I will always treasure the experience of meeting the challenges in the hotel industry with the dedicated and fine people of my team. I am excited about the company's future but it is time for me to seek new challenges. I look forward to meeting the company's new executive leader and assisting in the transition."
Jim Friend, chairman of Supertel, said, "Kelly Walters became the company's key leader in April 2009 during a very challenging environment for the hotel industry. He has overseen the strengthening of the company balance sheet, the reduction of debt and the divestment of a number of older legacy hotels, positioning the company for the next level of growth. We greatly appreciate his dedication and leadership and wish him well as he seeks new challenges."
About Supertel Hospitality, Inc.
Supertel Hospitality, Inc. (
Forward-Looking Statements
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. These risks are discussed in the Company's filings with the Securities and Exchange Commission.
Contact Information:
Contact:
Ms. Krista Arkfeld
Director of Corporate Communications
karkfeld@supertelinc.com