NEW YORK — Loews Hotels & Resorts has committed more than $500M to acquiring and developing hotels under the new leadership of Paul Whetsell, president and CEO.

“We will be aggressive in our pursuit of new and existing hotel and resort properties to grow our portfolio,” Whetsel said. “Loews has a long tradition of owning and operating high-quality properties and delivering great guest experiences. Our objective is to further develop the brand while producing superior financial operating results for our owners and investors.”

Troy Furbay, executive vice-president, Acquisitions and Development added that the company is looking for hotels in Chicago, Boston, Washington DC, San Francisco, Dallas, Seattle, New York and Toronto.

The N.Y.C.-based Loews Hotels & Resorts owns and/or operates 18 hotels and resorts in the U.S. and Canada.


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