Patrick Beans Named SVP and Treasurer for Supertel Hospitality
Beans will be responsible for all treasury functions, financial analysis, bank relations, SEC compliance matters and investor relations.
March 27, 2013 - Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT), announced that Patrick E. Beans has joined the company as senior vice president and treasurer. He replaces David L. Walter who has retired from the company.
Beans will be responsible for all treasury functions, financial analysis, bank relations, SEC compliance matters and investor relations.
"Patrick brings broad-based financial expertise with both publicly and privately held companies, coupled with a strong background in finance and accounting," said Kelly Walters, Supertel president and CEO. "He is the perfect successor to Dave Walter who played a key role in developing and executing our company's business strategy. Patrick is uniquely suited to the opportunities ahead of us."
Previously, Beans was senior vice president and CFO of National Research Corporation, a NASDAQ-listed, healthcare service company where he was responsible for financial planning/analysis, accounting, SEC compliance and reporting, investor relations, treasury, risk management and mergers and acquisitions. He is a former finance director of the Central Interstate Low-Level Radioactive Waste Commission, a five-state joint government organization. He began his career with Dana F. Cole & Company, a Certified Public Accounting firm.
Beans is a Certified Public Accountant and serves on the administrative board of Lincoln Electric System. He holds a Bachelor of Science degree in Business Accounting and Political Science from Doane College in Crete, Nebraska.
Supertel Hospitality, Inc. (NASDAQ: SPPR) is a self-administered real estate investment trust that specializes in the ownership of select-service hotels. The company currently owns 84 hotels comprising 7,431 rooms in 22 states. Supertel's hotels are franchised by a number of the industry's most well-regarded brand families, including Hilton, Choice and Wyndham.
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