Appointed Chief Investment Officer
At DiamondRock Hospitality Company in Bethesda - MD, USA
DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that Troy Furbay has joined the Company as Executive Vice President and Chief Investment Officer (CIO), effective April 22, 2014. In this role, Mr. Furbay will be responsible for the Company's acquisitions and dispositions and will play a critical role in strategic market analysis. He will report directly to Mark W. Brugger, DiamondRock's President and Chief Executive Officer.Mr. Furbay, 47, has 25 years of hotel and real estate experience, most recently serving as Chief Investment Officer at Loews Hotels & Resorts. In this role, he was responsible for the creation and implementation of short and long-term growth strategies and for leading over $600 million in capital investments. He also led capital raising efforts, numerous asset development programs, and cultivated key relationships with brokerage firms and development communities that helped drive proprietary sourced transactions. Prior to Loews, he served for nearly a decade as Senior Vice President, Acquisitions and Development at Kimpton Hotels where he was responsible for all aspects of the company's acquisition and development efforts. Prior to Kimpton, Furbay benefited from a wide variety of hotel experiences in operations, consulting and with public companies.