Xenia Hotels Appoints Atish Shah to Executive VP, CFO and Treasurer
- Apr 04, 2016
Orlando–Xenia Hotels & Resorts Inc. announced that Atish Shah will be joining the company as executive vice president, chief financial officer & treasurer. Shah will be based in Xenia’s corporate headquarters in Orlando.
Shah will be responsible for overseeing all aspects of the finance function, including capital market activities, financial reporting, accounting, treasury, tax, internal audit and investor relations. He previously served as senior vice president, strategy, financial planning and analysis, investor relations as well as interim chief financial officer at Hyatt Hotels Corp.
“We are thrilled to be adding Atish to our executive team,” Marcel Verbaas, Xenia’s president & CEO, said in prepared remarks. “Atish is a highly accomplished hospitality executive with broad financial expertise, including senior roles at two of the largest brand companies in the lodging space, in each case with significant real estate holdings. His public company experience, combined with his real estate knowledge, financial acumen, management style and deep relationships in the lodging industry will be of significant value to the Company and allow for a seamless transition in the leadership of our finance department. We are fully confident in his ability to be instrumental in driving superior business performance.”
Shah has almost 20 years of financial management and lodging industry experience. Prior to joining Hyatt, he served as senior vice president portfolio management at Lowe Enterprises, a private real estate company with nearly $6 billion in assets under management. From 1998 to 2007, Shah worked for Hilton Hotels Corp. in a variety of finance roles, including those in feasibility, planning, investment analysis and investor relations.
Shah began his career in the hospitality consulting practice of Coopers & Lybrand LLP. He earned an MBA from The Wharton School of the University of Pennsylvania, a Master of Management in Hospitality from Cornell University and B.S. with Honors from Cornell University.
“Xenia’s portfolio of high quality assets together with its deep and highly experienced team of lodging professionals provide an exceptional platform to drive long-term shareholder value,” added Shah. “I look forward to working closely with my new colleagues and having an immediate positive impact on the enterprise.”
Xenia Hotels & Resorts Inc. is a self-advised and self-administered REIT that invests primarily in premium full service, lifestyle and urban upscale hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 50 hotels, including 48 wholly owned hotels, across 21 states and the District of Columbia.