PROFILE |
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That flea-bag hotel you once stayed in may now be more inviting thanks to the Shaner Hotel Group, which buys, renovates, repositions, and re-brands hotels. The company owns and manages more than 50 hotels containing more than 8,000 rooms in 24 states, mainly in the East and the South. Shaner's hotels are affiliated with several major brands, including Embassy Suites, Hampton Inn, Hawthorn Suites, Holiday Inn, Marriott, and Radisson. Brothers Fred and Lance Shaner founded the company in 1976, when they began buying and renovating small apartments, "mom-and-pop" motels, and student housing units. In 1983 the company bought its first hotel, a 95-room Sheraton that it later rebranded as a Best Western.
COMPETITION |
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FelCor Lodging Trust Incorporated (FCH)
Host Marriott Corporation (HMT)
Innkeepers USA Trust (KPA)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 160.00
1-Yr. Sales Growth: 3.2%
Employees: 4,000
Revenue per employee: $40,000.00
KEY PEOPLE |
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Lance T. Shaner
CEO
J. B. Griffin
CFO
CONTACT INFO |
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303 N. Science Park Rd.
State College, PA 16803
US
Phone: 814-234-4460
Fax: 814-234-3919
Online: Web Site
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