NEW YORK—Loews Hotels & Resorts announced the promotion of to chief investment officer, responsible for leading the company’s property acquisitions, real estate development, and capital raising.
Furbay, who joined Loews Hotels & Resorts in 2010, has played an integral role as the company continues to expand its brand. Under his leadership, Loews has recently acquired hotels in Los Angeles, Washington, D.C., and Boston as well as hotels under construction in Chicago and Orlando.
“Troy and his team are playing a vital role as we focus on growing and expanding our portfolio,” said Paul Whetsell, president and CEO of Loews Hotels & Resorts. “He has a proven track record of successfully closing deals including the addition of three key assets to the Loews brand in the past year.”
Prior to joining Loews, Furbay held the position of senior vice President of acquisitions and development for Kimpton Hotels, where he played an instrumental role in the company’s expansion through acquisitions, management contracts and joint ventures. Earlier in his career, Furbay spent time with MeriStar Hotels and KPMG in development positions. He started his hospitality career with Sheraton Hotels in 1990.