Already a leader in hospitality in the U.S. and Canada, Loews Hotels & Resorts has a newly affirmed commitment to growth with more than $500 million in discretionary capital committed to the acquisition of existing hotels and the development of new properties. President and CEO, Paul Whetsell who recently joined the company, will be leading the effort as Loews is focusing on key urban markets and top-tier resort destinations ideally suited to discerning business travelers and pleasure seekers. Loews also holds significant capital for joint ventures, incentive capital and new developments in primary and secondary markets.