KEY PERSONNEL:
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Marcel Verbaas
President and Chief Executive Officer
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Marcel Verbaas joined Inland American Lodging Advisor, Inc. in 2007 as president and chief executive officer. In this role, Mr. Verbaas oversees all aspects of the acquisition, disposition, asset management and project management functions for Inland American Real Estate Trust’s lodging portfolio. Under his leadership, the company has shaped its lodging holdings into a diversified, well maintained portfolio with strong brand affiliations and locations, managed by some of the preeminent hotel operating companies.
Prior to joining Inland American Lodging Advisor, Inc., Mr. Verbaas was senior vice president and chief investment officer for CNL Hotels & Resorts, Inc. In that capacity, he was responsible for the company’s investment activities, acquisitions and dispositions. As part of CNL Hotels & Resorts’ senior leadership team, he was instrumental in the $6.6 billion sale of the company and its assets in 2007. Mr. Verbaas also served as senior vice president and chief investment officer for CNL Retirement Corporation, where he oversaw more than $2.5 billion in acquisitions in the seniors housing and medical office segments. Prior to joining CNL in 2000, Mr. Verbaas served as director of corporate finance for Stormont Trice Development Corporation, a private hotel development company.
Mr. Verbaas’ background also includes extensive experience in origination and underwriting of real estate financing through positions with GE Capital Corporation and Ocwen Financial Corporation. Mr. Verbaas is a native of The Netherlands, and received his master’s degree in business economics from Erasmus University of Rotterdam, The Netherlands.
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Craig Lambert
Executive Vice President – Asset Management
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Craig Lambert joined Inland American Lodging Advisor, Inc. in 2007. As Executive Vice President – Asset Management, Mr. Lambert is responsible for all aspects of asset management for the entire Inland American Lodging portfolio. Prior to joining Inland American Lodging Advisor, Inc., Mr. Lambert served as senior vice president of portfolio management for CNL Hotels & Resorts, Inc, and was responsible for asset management for all select and extend stay hotels.
Mr. Lambert’s tenure in the hospitality industry includes 30 years with Marriott International, during which he launched the Courtyard by Marriott concept. Mr. Lambert received a Bachelor of Science degree from the School of Hotel Administration at Cornell University. And Business Travel News recognized him as one of the twenty-five most influential executives in the travel industry.
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Philip Wade
Senior Vice President - Investments
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Philip Wade joined Inland American Lodging Advisor, Inc. in 2007. As Senior Vice President - Investments, Mr. Wade is responsible for the company’s investment activities including acquisitions and dispositions. Prior to joining Inland American Lodging Advisor, Inc., Mr. Wade was the Director of Acquisitions & Asset Management for The Procaccianti Group, where he was responsible for underwriting the company’s hotel acquisitions and asset management of the hotel portfolio. Mr. Wade also spent three years as a senior analyst in the acquisitions department of CNL Hotels & Resorts and started his hospitality career as a consultant with PKF Consulting. Mr. Wade received his Bachelor of Science in Management degree from the A.B. Freeman School of Business at Tulane University.
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Jack Elkins
Senior Vice President – Project Management
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Jack Elkins joined Inland American Lodging Advisor, Inc. as Senior Vice President of Project Management in November 2010. In this capacity, he is responsible for the management of all planning, design and construction efforts related to capital budgets throughout the lodging portfolio. He is accountable for the successful execution of all capital improvement work, the overall management of the annual capital budget, and for leading company endeavors to create additional value in each hotel asset.
Prior to joining Inland American Lodging Advisor, Inc., Mr. Elkins held a similar position as Senior Vice President of Design and Construction for CNL Hotels & Resorts, Inc. and its successor Pyramid Advisors, who (as partners with Morgan Stanley Real Estate Investments) acquired CNL Hotels and Resorts in 2007. His responsibilities included the supervision of all owner funded capital improvements for their 130 property portfolio and the “ground-up” development and/or renovation of numerous hotels and resorts including the Tampa Renaissance, the Orlando Residence Inn Sea World, the JW Marriott Desert Ridge Resort & Spa in Phoenix, the Seattle Waterfront Marriott, and the Doral Golf Resort & Spa in Miami.
Prior to joining CNL, Mr. Elkins was an executive level manager with Welbro Building Corporation, recognized as one of the Southeast's premier hospitality general contracting firms. During his tenure with Welbro, his primary focus was overseeing client relationships and construction operations.
Mr. Elkins is a graduate of East Carolina University and has more than 30 years of commercial design and construction experience.
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