Sage Appoints Susan Lee Furbay VP of Acquisitions and Business
DENVER, CO, January 18, 2010 - Sage Hospitality Resources announced today the appointment of Susan Lee Furbay as Head of Acquisitions and Business Development for the Denver based hotel management and development company.
“We see tremendous opportunity to work with commercial lenders this coming year as they take action on non-performing loans and seek to maximize asset value,” remarks Sage Hospitality President and CEO Walter Isenberg. “Susan's impressive work and vision shows she's a highly respected industry leader. Her appointment will prove strategic for Sage on building on the positive and aggressive goals we've set for 2010.”
Furbay joins Sage Hospitality after five years as Director of North America Lending in GE Real Estate's Hospitality division. At GE Real Estate, Furbay was instrumental in major transactions, originating and closing 18 loan transactions totaling more than $400 million. During her tenure, Furbay also created a joint venture and co-invested GE equity with an opportunistic hotel fund, giving GE priority debt financing with the fund sponsor. For the success of this endeavor, Furbay was awarded GE's Pioneering Award for establishing a new investment platform within the hospitality team.
Prior to GE Real Estate, Furbay was Vice President of Hospitality Brokerage at Molinaro Koger in Washington, D.C. where she was responsible for sourcing and marketing new brokerage listings for luxury, full-service and mid-market hotels to prospective investors.
Furbay started her career at Merrill Lynch in their Derivatives Valuation Group. She graduated with her B.S. from Cornell University's School of Hotel Administration.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
