Lance Shaner Bio

Lance T. Shaner serves as Chairman and Chief Executive Officer of Shaner. A graduate of Alfred University, he provides the business strategy and entrepreneurial spirit for multiple companies. Under Lance’s leadership, the companies have completed over two billion dollars in transactions and have grown into a highly respected business group with over 4,000 employees. Throughout Mr. Shaner’s extensive career he has been successful in leading the companies in areas such as finance, venture capital, contract negotiations, real estate development, acquisitions and strategic investment advice. Today as the Chief Executive Officer of Shaner, Lance is responsible for the overall management of the company and setting of strategic directions. In this leadership role, the companies have completed a number of initiatives including: Formed Shaner Growth Fund I and II (a private mortgage REIT) in 2009. The companies acquired $154 million of commercial mortgage debt which was sold in 14 months for a 41% IRR. The formation of a $300 million hotel investment partnership with Five Arrows Realty Securities IV, LLC in 2007 (now Shaner Hotel Holdings L.P.). Formed Shaner Capital L.P. in 2010, a $100 million investment fund with interests in finance, energy, condominiums, water treatment, and industrial construction. Responsible for both new development and redevelopment of over 75 hotel projects with leading brand affiliation such as Marriott, InterContinental and Hilton. Completed a $236 million CMBS loan offering in 2014. Developed the award-winning Williamsburg Square property in State College, Pennsylvania. This development is a mixed-use project consisting of three hotels, two restaurants and two Class A office buildings. The colonial themed property was an immediate success and established a new community landmark. The funding and development of a regional cable television company in western New York and northern Pennsylvania that was sold for a substantial profit in 1988.