BNET Industries

Market Cap:$31.0M
Last Fiscal Year Sales:$111.6M
  • Public
  • US
Dow Jones Description

We are a self-administered REIT focused on owning limited service hotels. We currently own 125 hotels in 24 states containing an aggregate of 10,886 rooms. We continue to review acquisition candidates, both portfolios and individual properties. Our acquisition strategy is to buy properties that can generate strong cash flow and benefit from our scale, distribution and asset management. Our senior management team has an average of 15 years experience in the hospitality industry. Our executive officers and directors collectively own approximately 15% of our outstanding common stock.

President & Chief Executive Officer
Kelly A. Walters
Number of Employees 16
Contact Information

309 N 5th St

Norfolk, Nebraska 68702

supertelinc.com

(402) 371-2520

NAICS Code Hotels (except Casino Hotels) and Motels: 721110

Recent Events

  • Supertel Hospitality Reports 3Q 09

    11/12/09 - Financial Announcement - View Story

  • Supertel Names Connie Scarpello CFO and Steve Gilbert as COO

    9/01/09 - Mgmt. Change Entering - COO - View Story

  • Supertel names new CFO, 3 other top managers

    8/31/09 - Mgmt. Change Entering - Other - View Story

  • Supertel Hospitality Names Connie Scarpello as Chief Financial Officer and Steve Gilbert as Chief Operating...

    8/31/09 - Mgmt. Change Entering - COO - View Story

  • BRIEF: Supertel Hospitality turns a profit in the second quarter (Omaha World-Herald, Neb.)

    8/14/09 - Financial Announcement - View Story

  • CEO says Supertel will rebound with the economy

    5/29/09 - Planned Site Openings - View Story

News & Analysis

supertel hospitality inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Kelly A. Walters President & Chief Executive Officer
Paul J. Schulte President & Chief Executive Officer
Corrine L. Scarpello Senior Vice President and Chief Accounting Officer
Donavon A. Heimes CFO, Treasurer & Secretary
Jeffrey M. Zwerdling Chief Financial Officer and Corporate Secretary
David L. Walter Senior Vice President and Treasurer
Steven C. Gilbert Senior Vice President, Cap Ex
Connie Scarpello Vice President, Finance and Accounting
George R. Whittemore Director

Board of Directors

Name (plus bio) Position
Allen L. Dayton Chairman of The Board
Patrick J. Jung Chairman
Jeffrey M. Zwedling Board of Directors
Joseph Caggiano Board of Directors
Loren Steele Board of Directors
Steve H. Borgmann Board of Directors
William C. Latham Board of Directors

Organization Position Status
Supertel Hospitality Inc. President & Chief Executive Officer Current
Investors Real Estate Trust Vice President of Capital Markets and New Business Development Current
Magnum Resources Senior Vice President & Chief Investment Officer Former
Investors Real Estate Trust Senior Vice President, Capital Markets & New Business Development Current
Brown Brothers Harriman & Co. Senior Portfolio Manager Former
University of Nebraska MBA Former

Organization Position Status
Supertel Hospitality Inc. President & Chief Executive Officer Current
Supertel Hospitality Inc. Chairman of The Board Current

Organization Position Status
Supertel Hospitality Inc. Senior Vice President and Chief Accounting Officer Current

Organization Position Status
Supertel Hospitality Inc. CFO, Treasurer & Secretary Current
Supertel Hospitality Inc. Board of Directors Current

Jeffrey M. Zwerdling, Esq., Director . Mr. Zwerdling has served as a director of the Company since November 1996. Mr. Zwerdling, age 64, is Managing Partner at the law firm of Zwerdling, Oppleman & Adams in Richmond, Virginia since June 1972. Mr. Zwerdling is a general practice attorney with an emphasis in commercial real estate, corporate law and general litigation. He is currently President and a director of The Corporate Center, owner of a 225,000 square foot office park complex located in Richmond, Virginia. Mr. Zwerdling is a graduate of Virginia Commonwealth University (B.S.) and William & Mary Law School (J.D.).

Organization Position Status
Supertel Hospitality Inc. Chief Financial Officer and Corporate Secretary Current
Supertel Hospitality Inc. Board of Directors Current
Virginia Commonwealth University Former

Organization Position Status
Supertel Hospitality Inc. Senior Vice President and Treasurer Current

Organization Position Status
Supertel Hospitality Inc. Senior Vice President, Cap Ex Current

Organization Position Status
Natx.Com Vice President and Treasurer, Innowave Current
Supertel Hospitality Inc. Vice President, Finance and Accounting Current
Mutual, Inc. Current
Natx.Com Board of Directors Current
Mutual of Omaha Insurance Company member Former
PricewaterhouseCoopers auditor Former
Cooper's Inc. Auditor Former

Allen L. Dayton, Director. Mr. Dayton joined the Company s Board in May 2003, upon election by the Company s shareholders. Mr. Dayton, age 60, has been Chairman of the Board of Video Service of America since 1977 and Southern Improvement Company since 2000. Mr. Dayton is a private investor and his investment holdings include positions in companies operating in the printing, cable television, distribution and real estate industries. Mr. Dayton was previously Chairman of the Kellogg Savings Bank. Mr. Dayton sits on the boards of several business schools, and also serves as a Trustee of the University of Nebraska Foundation.

Organization Position Status
Video Service Chairman of The Board Current
Supertel Hospitality Inc. Chairman of The Board Current
University of Nebraska Foundation Board of Directors Current
Supertel Hospitality Inc. Officer Former
University of Nebraska Foundation Trustee Former

Patrick J. Jung, CPA , 60, currently is the Chief Operating Officer with Surdell & Partners, LLC. Prior to joining Surdell, Mr. Jung was with KPMG LLP for 30 years. During that period, he served as a partner for 20 years and as the managing partner of the Nebraska business unit for the last six years. Mr. Jung also serves on the boards of directors of Werner Enterprises, Inc, including its audit and compensation committees, and Supertel Hospitality, Inc, including its audit committee.

Organization Position Status
Surdell and Partners Chief Operating Officer Current
L.P. Ataxz Manager of Burlington Current
Supertel Hospitality Inc. Chairman Current
The Burlington Capital Group LLC Chairman Current
Werner Enterprises, Inc. Board of Directors Current
The Burlington Capital Group LLC Board of Directors Current
L.P. Ataxz Board of Directors Current
KPMG International Former
University of South Dakota CPA Former

Organization Position Status
Prime Group Realty Trust Trustee Current
Village Bank & Trust Director Current
Prime Group Realty Trust Board of Directors Current
Supertel Hospitality Inc. Director Current
Supertel Hospitality Inc. President and Chief Executive Officer Former
Anderson & Strudwick Incorporated Senior Vice President and Director Former
Supertel Hospitality Inc. Underwriter Former
Wachovia Corporation Former
Anderson & Strudwick Incorporated Director Former
William & Mary J.D Former
Virginia Commonwealth University B.S. Former
University of Richmond Former

Organization Position Status
Supertel Hospitality Inc. Board of Directors Current

Organization Position Status
Bozell & Jacobs Vice Chairman Current
Supertel Hospitality Inc. Board of Directors Current

Organization Position Status
Supertel Hospitality Inc. Board of Directors Current
Avis Budget Group, Inc. Former

Organization Position Status
Supertel Hospitality Inc. Board of Directors Current
Supertel Hospitality Inc. Executive Vice President Former
Supertel Hospitality Inc. Founder Former
University of Nebraska - Lincoln Former

Organization Position Status
Supertel Hospitality Inc. Board of Directors Current
Virginia Polytechnic Institute and State University Former

Executive News

  • CEO says Supertel will rebound with the economy

    TradingMarkets - 5/29/09 - View Story

  • Supertel to Outline Strategic Initiatives at Annual Meeting

    Reuters - 5/28/09 - View Story

  • Supertel to Outline Strategic Initiatives at Annual Meeting

    Market Wire via MSN Money - 5/28/09 - View Story

  • Supertel reports 2009 Q1 results

    Hotel and Motel Management - 5/18/09 - View Story

  • Supertel Hospitality Reports 1Q ’09 Results

    Hotel Interactive - 5/12/09 - View Story

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     SPPR $1.42 -0.01 (-0.70% )
Average Volume 52,240
Shares Outstanding 21.88M
Market Cap 31.1M
Year High 2.35
Year Low 0.82
Earnings Per Share -0.25
P/E Ratio -5.68
Dividend 0.32
Yield 22.54
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