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20 Best Leaders of the Year 2024

Stephen L. Nalley DBA., CHA: Specializing in Acquiring, Financing, and Managing Distressed Hotel and Resort Assets

Stephen L. Nalley DBA., CHA: Specializing in Acquiring, Financing, and Managing Distressed Hotel and Resort Assets

Defining entrepreneurship beyond textbook terms, Stephen offers a profound perspective: an entrepreneur is not merely a business operator but an individual who invests in themselves, embracing risks and opportunities with unwavering conviction.

Stephen L. Nalley is the creator and inspirational leader of Black Briar Advisors, a cutting-edge real estate investment firm that focuses on distressed hotel and resort properties. Nalley has executed over $4.5 billion in real estate transactions and has bought and sold over 100 hotels and resorts, so her experience spans every facet of the asset management and acquisition process.

Before establishing Black Briar, Nalley served as the Chief Operating Officer and Chairman of the Executive Committee at Ocean Waters, where he oversaw the transformation of nonperforming assets into profitable ventures, generating over $1 billion in value. Prior to his illustrious civilian career, Nalley honed his leadership skills as a decorated squad leader and commando in the United States Army's 10th Mountain Division’s Special Troops Battalion.

Stephen's academic achievements are equally impressive, with a Bachelor of Science in Healthcare Administration from the University of North Florida, an MBA and DBA from the University of Atlanta, and a Law Degree from Washington University School of Law. He is also a Certified Hotel Administrator through the American Hotel & Lodging Association and has received Graduate Certificates in Executive Leadership and Hospitality Management from Cornell University.

Stephen L. Nalley is a shining example of achievement in the real estate and leadership fields. He uses his academic acumen, military discipline, and unmatched industry expertise to spur success and innovation.

Architect of Transformation in Real Estate and Leadership

A distinguished individual, Stephen Nalley is the visionary founder and CEO of Black Briar Advisors, in addition to being an American real estate executive, entrepreneur, veteran, and author. Nalley has changed the real estate landscape forever by concentrating on buying, selling, and repositioning troubled real estate properties.

Over the course of his two decades in the business, Stephen has actively participated in the ownership and management of more than one hundred hotels and resorts, which adds up to the prudent management of over $2 billion in distressed real estate assets.

Before entering the professional arena, Nalley's commitment to service saw him serve in the United States Army as a Light Infantry Squad Leader, where he contributed to the Army’s Elite 10th Mountain Division and the 2145th in the US Army Reserves, embodying the essence of leadership and discipline.

Stephen's academic pursuits are equally impressive, boasting a Bachelor of Science Degree in Healthcare Administration from the University of North Florida, a Master’s in Business Administration and a Doctorate in Business Administration from the University of Atlanta, and a Law Degree from the University of Washington School of Law.

Along with his impressive professional background, Nalley is a member of the Forbes Business Council and is a Certified Hotel Administrator with the American Hotel & Lodging Association. He further establishes his reputation as a multidimensional leader influencing real estate and entrepreneurship by showcasing his writing prowess on a regular basis for the Entrepreneur Leadership Network.

From Dreams of the Diamond to Entrepreneurial Success

Thinking back on his boyhood goals, Stephen Nalley explains how his path to becoming a CEO and business owner had unanticipated detours. During his elementary school years, Nalley had dreams of playing Major League Baseball, but his journey ultimately brought him to the exciting realm of business. Motivated by an intense love of business, he moved from the medical field to real estate, taking use of his natural aptitude for taking on obstacles head-on and bringing distressed projects back to life.

Amidst his professional endeavors, Stephen reveals a surprising facet of his past: his academic journey. Contrary to expectations, he admits to being an average student in high school, attributing his transformation to a newfound focus and determination upon entering college. It was here that he discovered his true calling and committed himself wholeheartedly to academic excellence.

Defining entrepreneurship beyond textbook terms, Stephen offers a profound perspective: an entrepreneur is not merely a business operator but an individual who invests in themselves, embracing risks and opportunities with unwavering conviction. Rejecting conventional investment avenues, he emphasizes his steadfast belief in betting on his own abilities to succeed, exemplifying the essence of true entrepreneurial spirit.

Fostering Supportive Cultures and Embracing Disruption

Stephen Nalley examines the value of an inclusive and supportive culture and emphasizes how important it is for drawing and keeping top talent in an organization. Acknowledging diversity as a fundamental component, Nalley highlights the significance of fostering an inclusive workplace that honors uniqueness, promotes dignity, and develops a feeling of community among staff members from all backgrounds. A culture like this fosters creativity and organizational resilience while also improving employee satisfaction.

In negotiating the post-COVID environment, Nalley promotes disruptive leadership, which is defined by an unrelenting quest for innovation and progress. He exhorts executives to adopt a disruptive attitude and emphasizes the need of adaptation and boldness while questioning the status quo. In order to bring about radical change, Stephen gives leaders practical advice on how to implement accountability systems, encourage open communication, and instill openness. Disruptive leaders have the ability to effectively handle uncertainties and chart a course for sustainable growth in the post-pandemic period by reinventing existing structures and recognizing fresh opportunities.

Unlocking the World of Hotels: A Tale for Young Explorers

For an inquisitive youngster, Stephen Nalley's occupation is a source of fascination and amazement. When questioned about what he does, he distills his business down to something that young brains can understand: he buys hotels and turns them into warm retreats where families may make treasured experiences while on vacation.

Breaking away from conventional inquiries about leadership qualities, Stephen shares a lighthearted revelation about his most "useless" talent. His love for music transcends genres, and he possesses a unique ability to effortlessly match songs to any situation or even modify their lyrics on the spot—a skill he finds entertaining yet ultimately inconsequential.

In closing, Stephen considers how his life's path is summed up in the title of his book, "Relentless Pursuit: The Foundations and Principles that Winners are Built On." Although it isn't an autobiography per definition, the book explores his experiences and the values that have molded his successful career.

Charting a Legacy of Excellence: The Enduring Impact of Stephen Nalley

As he navigates the complex worlds of real estate and business, Stephen Nalley stands out as a shining example of creativity, tenacity, and unrelenting dedication to quality. Nalley's trajectory epitomizes visionary leadership and the unwavering pursuit of success, from his transformative leadership at Black Briar Advisors to his exceptional military service and academic achievements.

Stephen has made a lasting impact on the corporate world and beyond by encouraging inclusive environments, welcoming change, and igniting young minds with his contagious energy. As this story comes to an end, Stephen’s legacy will live on as a tribute to the strength of willpower, imagination, and unflinching confidence in oneself. It will also continue to influence and mold real estate and entrepreneurship for many years to come.

A Visionary Leader in Real Estate and Entrepreneurship

Stephen Nalley is a dynamic force in the realm of real estate and entrepreneurship, renowned for his visionary leadership and relentless pursuit of excellence. As the Founder & CEO of Black Briar Advisors, Nalley has spearheaded numerous transformative initiatives, specializing in the acquisition and revitalization of distressed hotel and resort assets, culminating in over $4.5 billion in real estate transactions. 

With a distinguished background in the United States Army's 10th Mountain Division and an extensive academic repertoire including a Bachelor of Science in Healthcare Administration and a Law Degree, Nalley embodies the intersection of discipline, expertise, and innovation. His commitment to fostering inclusive cultures, embracing disruption, and inspiring future generations through his writings exemplifies his enduring impact on the landscape of real estate and entrepreneurship.

Stephen Nalley has made a lasting impact on the corporate world and beyond by encouraging inclusive environments, welcoming change, and igniting young minds with his contagious energy.