C
rescent Real Estate LLC has appointed Troy Furbay as Managing Director, Hospitality. In this role, Furbay will lead the company's hospitality investment platform, identifying new opportunities and optimizing existing portfolio performance. He will also collaborate with Crescent teams, partners, and operators to advance the firm's strategic vision in the hospitality sector.

    "We're thrilled to welcome Troy to our team," said Conrad Suszynski, CEO of Crescent. "His extensive experience in hospitality investing, development, and growth makes him an ideal fit for this role."

    Furbay joins Crescent with a distinguished track record in lodging and real estate investment. Most recently, he served as Chief Investment Officer at DiamondRock Hospitality, where he led the company's pivot toward resort and lifestyle assets, delivering performance that exceeded sector benchmarks.

    Crescent's entrepreneurial culture, commitment to operational excellence, and long-term investing approach drew Furbay to the company. He looks forward to scaling Crescent's hospitality platform while contributing to the broader investment strategy and value creation across the company's diverse portfolio.

    "I'm excited to join Crescent Real Estate and lead the continued growth of a high-quality hospitality portfolio," said Furbay. "Crescent is widely respected for its excellence in real estate investment and long-term stewardship, and I look forward to building on that legacy."

    Crescent Real Estate LLC is a real estate operating company and investment advisor with over $10 billion in assets under management. The company acquires, develops, and operates various real estate asset classes through the GP Invitation Funds, alongside institutional investors and high net worth clients.