Thursday, April 28, 2011

Shaner Corporation Forms Shaner Italia, Acquires First Hotel in Italy

STATE COLLEGE, Pa., April 28, 2011—Officials of Shaner Corporation today announced that the company has formed a new division, Shaner Italia, SRL to own and operate hotels in Italy and has formed its first joint-venture acquisition there.

 The company has acquired a major ownership position in Il Ciocco Hotel & Resort (top left photo), a 180-room luxury resort in picturesque Barga, Italy, in the Apennine Mountains of the Tuscany region.

 The original owners, the Marcucci family, a prominent Italian family, will retain an ownership interest in the property. 

The hotel will undertake a multi-million Euro renovation and convert to Marriott’s Renaissance brand late this year or in early 2012 under the name Renaissance Il Ciocco Tuscany Resort & Spa.  Shaner Ciocco, a subsidiary of Shaner Italia, will manage the five-star level hotel.

“There is growing worldwide demand for internationally recognized hotel brands,” said Lance Shaner (lower right photo), chairman and CEO of SHG.  “Italy is a great hotel market but requires strong local knowledge for long-term success. 

“Over the next several years, we intend to partner with local owners/investment groups to develop or acquire up to five hotels.  We will focus on Marriott-branded hotels, looking at major cities and resort areas primarily in Tuscany and then eventually expanding to other parts of Italy. 

“We will look for opportunities ranging from luxury hotels to upscale focused-service properties.”

Headquartered in State College, Pa., Shaner Hotel Group is part of the Shaner Companies, a diversified, privately held company that owns and operates investments in the lodging, investment, energy and professional service sectors.  Shaner Hotel Group is a developer/owner/operator that currently owns and manages more than 30 hotels.

For more information about Shaner, please visit the company’s web site,

Justin Shaner (media), (786) 472-5931, jshaner@thejlsagen
Plato Ghinos (development), (814 234-4460,

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