This week we interview #68: Stephen Nalley of Black Briar Advisors about authoring Relentless Pursuit, developing affordable housing, being a veteran, and how that shaped him for the careers he has taken on.
About Stephen Nalley:
As Founder, President & CEO of Black Briar Advisors, Stephen is an American Business Magnate, Entrepreneur, Veteran, Author, Mentor, Motivational Speaker with a 25-year documented track record of success. Black Briar is an elite full-service asset management and hotel consulting firm that distinguishes itself by representing hotel owners/investors interest exclusively. The hospitality industry is a relationship industry that is often compromised by political alignments that benefit the franchises, unions and property management companies to the detriment of the owners and investors profits. Black Briar focuses solely on the owner/investors interest above all else. Black Briar and its principals have asset managed over 200 hotel & resort assets that range from independent to luxury brands such as Marriott, Hilton, Hyatt, IHG, Radisson & Red Lion.
Prior to founding Black Briar, Stephen served as one of the principle founder’s and a managing partner for Inner Circle Management and Inner Circle Capital. Inner Circle is a unique full-service hospitality management company that specializes in the acquisition, management and turnaround of distressed hotel & resort assets across the United States. Inner Circle and its principals were responsible for the direct ownership and management of over $2B of real estate assets.
Prior to co-founding Inner Circle, Mr. Nalley was the Chief Operating Officer and Chairman of the Executive Committee for Ocean Waters. Ocean Waters was a multifaceted real estate investment company, which consisted of over 129 separate entities, 79 real estate assets, 45 operating hotels, and various office, retail, and residential components. Mr. Nalley was responsible for the day-to-day leadership and general management of the company. Mr. Nalley assisted Ocean Waters and its Principles in creating over $1 Billion in value by acquiring non-performing Hotel & Resort assets and leading them to profitability.
Prior to his civilian career, Stephen Nalley served in the United States Army as a Commando with the Army’s Elite 10th Mountain Divisions Special Troops Brigade from 1988 until 1996. He led a Light Infantry Squad and was twice decorated for exceptional military service.
Stephen Nalley received a Bachelor of Science Degree in Healthcare Administration from the University of North Florida, and earned his MBA and DBA from the University of Atlanta and a Law Degree from Washington University. He is also a Certified Hotel Administrator through the American Hotel & Lodging Association and received a Graduate Certificate from Cornell University in Executive Leadership and Hospitality Management.