Promoted Senior Vice President, Acquisitions and Development
At Loews Hotels & Co in New York - NY, USA
Palmeri, who joined Loews Hotels & Resorts in 2011, has played an instrumental role in
growing the company and expanding the Loews brand. Loews recently acquired hotels in Los
Angeles, Washington, D.C. and Boston and today opens hotel four in Orlando, Universal’s
Cabana Bay Beach Resort, a joint venture with NBC Universal. Additionally the company is
developing a hotel in Chicago, which is scheduled to open in early 2015. He also plays a key
role in managing new capital partners and raising equity for deals. Palmeri joined Loews with
extensive lodging investment experience having worked in acquisitions and asset
management for hotel operating investment platforms – including Chicago-based Abacus
Lodging Investors, and San Francisco-based Chartres Lodging Group. He has invested and
closed on more than $3.0 billion in full-service, upscale hotel real estate in major U.S.
Palmeri received his bachelor’s degree from Cornell University and resides in Brooklyn, New
York, with his wife.