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| Troy Furbay |
NEW YORK, NY - (Feb. 21, 2013) - Loews Hotels & Resorts,
a wholly owned-subsidiary of Loews Corporation (NYSE: L), today announced the
promotion of Troy Furbay 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.
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| Paul Whetsell |
“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.
Furbay received his
MBA in finance from Fordham University and resides in New York City with his
wife and two children.
Like Loews Hotels
& Resorts on Facebook: www.facebook.com/LoewsHotels
Follow Loews Hotels & Resorts on Twitter: www.twitter.com/loews_hotels
Watch Loews Hotels & Resorts on YouTube: www.youtube.com/LoewsHotels
For a complete copy of the company’s news release, please
contact:
Loews Hotels & Resorts
Lark-Marie Anton
(212) 521-2779
Sarah Murov
(212) 521-2495
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