Andrew J. Welch Joins Inland American Lodging Group, Inc. as Chief Financial Officer
OAK BROOK, Ill.--(BUSINESS WIRE)--Inland American Lodging Group, Inc. (IALG), a wholly owned subsidiary of Inland American Real Estate Trust, Inc. (Inland American), today announced a new addition to its executive team. Andrew J. Welch has joined the company as executive vice president and chief financial officer, responsible for leading financial operations and activities for IALG and establishing and executing IALG’s financial strategy.
“Andy’s capital markets and finance expertise and his wealth of experience will be invaluable as our company continues to evolve.”
Mr. Welch brings 30 years of experience in the financial, capital markets and real estate sectors to his new position with IALG. Previously, Mr. Welch was employed by FelCor Lodging Trust (NYSE: FCH) from 1998 through 2013, including as its executive vice president and chief financial officer from 2006 to 2013. Prior to joining FelCor, he served as vice president and treasurer of Bristol Hotel Company from 1997 to 1998. Mr. Welch has also held investment banking positions with Bank of America, N.A. and Citibank, N.A.
"We are excited to add Andy to our team," said Marcel Verbaas, president and chief executive officer of IALG. "Andy’s capital markets and finance expertise and his wealth of experience will be invaluable as our company continues to evolve."
"I am thrilled to join Inland American Lodging and look forward to partnering with Marcel and the rest of the IALG team to identify our greatest opportunities for growth while adopting strategic solutions to maximize shareholder value," Mr. Welch said.
Mr. Welch is currently a member of several professional organizations in the real estate industry, including the National Association of Real Estate Investment Trusts (NAREIT). He is also a member of Financial Executives Institute (FEI) and the National Association of Corporate Directors (NACD). In addition, he previously served on the advisory board of the School of Business at the University of Kansas. Mr. Welch is a graduate of the University of Kansas and holds a master’s of business administration from the Cox School of Business at Southern Methodist University.
About Inland American Lodging Group, Inc.
Inland American Lodging Group, Inc., located in Orlando, FL, is a wholly owned subsidiary of Inland American Real Estate Trust, Inc. that is focused on the acquisition and asset management of a diversified portfolio of lodging properties. Inland American Lodging Group, Inc. currently oversees 100 hotels with 19,927 rooms branded under various Marriott, Hilton, Starwood, Hyatt, Fairmont, Kimpton and IHG brands that are managed either by the brand managers or independent third-party management companies.
About Inland American Real Estate Trust, Inc.
Inland American Real Estate Trust, Inc. focuses on acquiring and developing a diversified portfolio of commercial real estate located in the United States. The company also invests in joint ventures, development projects, real estate loans and marketable securities. As of March 31, 2014 Inland American owned 281 properties, representing approximately 24 million square feet of retail, industrial and office properties, 8,286 student housing beds and 20,093 hotel rooms. For further information regarding Inland American, please refer to the company website at www.inlandamerican.com.