Loews Hotels & Resorts Completes Acquisition of the Back Bay Hotel in Boston

  Loews Hotels & Resorts CompletesAcquisition of the Back Bay Hotel in Boston

                    Rebranded Loews Boston Back Bay Hotel

Business Wire

NEW YORK -- February 12, 2013

Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE:
L), today announced that the company completed the acquisition of the 225-room
Back Bay Hotel in Boston. Located at the corner of Berkeley and Stuart
Streets, the former Doyle Collection property has immediately been converted
to the Loews Hotels brand. Loews Hotels plans an approximate $8 million
renovation scheduled to begin in the fall.

“The Loews Boston Back Bay Hotel is a distinctive property,” said Paul
Whetsell, President and CEO of Loews Hotels & Resorts. “Built in the 1920s,
this historic hotel was the former headquarters of the Boston Police
Department. The property is in great physical condition, with the renovation
targeted to further enhance the guest experience.”

Loews Hotels & Resorts recently acquired and converted the iconic 356-room
Madison Hotel in the heart of Washington, D.C. to the Loews Madison Hotel and
has two properties under construction in Orlando and Chicago. This expansion
underscores the company’s strategy to add to its portfolio in gateway cities
and key resort destinations over the next five years.

About Loews Hotels & Resorts

Headquartered in New York City, Loews Hotels & Resorts owns and/or operates 20
hotels and resorts in the U.S. and Canada including the newly acquired Loews
Madison Hotel located in the heart of Washington at the epicenter of legendary
D.C. landmarks and the Loews Boston Back Bay Hotel, one of Boston’s preeminent
historic buildings, situated on the corner of Berkeley and Stuart Streets.
Located in major city centers and resort destinations in North America from
coast to coast, the Loews portfolio features one-of-a-kind properties that go
beyond Four Diamond standards to delight guests with a supremely comfortable,
uniquely local and vibrant travel experience. For reservations or more
information about Loews Hotels & Resorts, call 1-800-23-LOEWS or visit:
www.loewshotels.com.

Like Loews Hotels & Resorts on Facebook: www.facebook.com/LoewsHotels

Follow Loews Hotels & Resorts on Twitter: www.twitter.com/loews_hotels

Watch Loews Hotels & Resorts on YouTube: www.youtube.com/LoewsHotels

Contact:

Loews Hotels & Resorts
Lark-Marie Anton, 212-521-2779
lanton@loewshotels.com
or
Sarah Murov, 212-521-2495
smurov@loewshotels.com
or
Daly Gray
Chris Daly, 703-435-6293
chris@dalygray.com
 
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