Lori Swaim
Chief Financial Officer, Sprague Hotel Developers
Columbus, IN 47201
Phone (812) 379-2173
Property Types
Hospitality
Bio
Lori Swaim is the Chief Financial Officer. She has over 29 years of management experience ranging from restaurant and retail management to her current role as CFO of Sprague Hotel Developers. 23 of those years were spent with Sprague Hotel Developers. She began working Janeen M. Sprague as a counter girl at Janeen's Kentucky Fried Chicken. She later became the restaurant's general manager. Humble beginnings and a long climb up the ladder have reinforced Lori's belief in the value of integrity and hard work, and she later was brought on by Janeen as a financial. Committed to exceling in her new position, Lori completed a Bachelor's degree in accounting while continuing to work.
Since she began her role at Sprague Hotel Developers, Lori has taken the accounting function from outside sources and moved the process internally for better management and control of hotel finances. Lori worked one-on-one with CEO, Janeen M. Sprague, to implement a company health insurance program. Additionally, an annual review of property/casualty insurance is completed to ensure the hotels secure the most comprehensive hotel coverage at the most aggressive cost available.
Lori works directly with the company's CPA firm to install accounting software to improve company efficiency in accounts payable, payroll and account reconciliation. As the company developed additional hotels, Lori has hired and trained accounting support staff to keep up with business demands and additional duties.
The company's growth has expanded Lori's knowledge of human resources, and she has been integral in the development and updating of company handbooks. A paid-time-off policy was born from researching handbooks and “best practices” of like companies. Lori works directly with accounting staff to ensure all company and governmental procedures are understood and followed.
