Real Estate Forum: Forum 100
Shaner
Owner/Investor | Honorable Mention
Company:   Shaner
Address: 1965 Waddle Road
City: State College
State: PA
Zip:   16803
Phone: (814) 234-4460
Fax: (814) 278-7295
Email: jbgriffin@shanercorp.com
Website: www.shanercorp.com
Key Executive  
1. Name: Lance Shaner
    Title: Chairman & CEO
2. Name: JB Griffin  
    Title: SVP and CFO
3. Name: Peter Hulburt  
    Title: SVP and Corporate Counsel
4. Name: Plato Ghinos
    Title: SVP of Development
*Number of Offices: 1
*Number of Employees: 73
*Gross Revenues Fiscal Year 2006: 98.8 million
*Projected Revenues Fiscal Year 2007: 100.0 million
Selected Areas of Specialization: Owner and Operator of Hotels
Company Overview: Shaner is a vibrant, employee-customer-family oriented, value driven, conservative and growth opportunistic company. Shaner is a company that specializes in the acquisition, refurbishment, repositioning, development and long-term ownership of full service hotels with extensive limited service and extended stay experience.
*Total Portfolio Size: 23
Number of buildings:
Square Footage:
Number of Units/Rooms: 3,536
*Total Value of Portfolio: 250.0 million
Percentage by Property Type:  
Office: %
Industrial: %
Retail: %
Apartments: %
Hotels: 100 %
Other: %
(Please specify)
Percentage by Geographic Area:  
Northeast: 98 %
Southeast: %
Midwest: 2 %
Southwest: %
West: %
International: %
Total Acquisitions in 2006:  
Number of buildings:
Square Footage:
Number of Units/Rooms:
Total Value of Acquisitions in 2006:   .  
Total Dispositions in 2006:  
Number of buildings:
Square Footage:
Number of Units/Rooms:
Total Value of Acquisitions in 2006: .