Supertel Hospitality has named William Blackham as the company’s new CEO, replacing Kelly Walters who remains with Blackham on the board of directors.
“Bill Blackham brings more than 30 years of deep and broad hospitality and investment experience to Supertel,” says Jim Friend, the company’s chairman of the board. “Bill has a long and accomplished track record creating and growing public and private companies, raising capital, and building strong management teams. He understands our industry and shares our vision for growing the company. I and our board look forward to working closely with Bill to take Supertel to the next phase of growth.”
Blackham is experienced in real estate and hospitality development, acquisition, and advisory services and previously served as president and CEO of Eagle Hospitality, a hotel REIT he helped to form, and executive vice president and board member of Corporex Companies.
“The hotel industry is enjoying continued positive growth in both demand and pricing power, which creates a variety of growth opportunities for the company,” says Blackham. “I look forward to working with the board and management team to implement a strategy that creates significant shareholder value.”
During his tenure at Eagle Hospitality, the company acquired more than $225 million in hotel assets, increasing the enterprise value to approximately $700 million, and achieving more than $100 million in shareholder value.
Blackham earned his MBA from the Wharton School of the University of Pennsylvania and his BS from the Carroll School of Management of Boston College.
