Loews Elevates Furbay To Chief Investment Officer
Thursday February 21st, 2013 - 12:00AM Y
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NEW YORK—Loews Hotels & Resorts, a wholly-owned subsidiary of Loews Corporation, has promoted Troy Furbay to the position of Chief Investment Officer.
In his new position, Furbay will be responsible for leading the company's property acquisitions, real estate development and capital raising. He joined Loews in 2010 and 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, DC, and Boston as well as hotels under construction in Chicago and Orlando.
Prior to joining Loews, Furbay held the position of senior VP, acquisitions and development for Kimpton Hotels, where he played an instrumental role in the company's expansion through acquisitions, management contracts and joint ventures.
Tags: • Hospitality • Brands •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.