October 19, 2017 12:19 AM ET

Hotels, Restaurants and Leisure

Company Overview of Loews Hotels, Inc.

Company Overview

Loews Hotels, Inc. owns and operates a chain of hotels and resorts for business, leisure, and family travelers in the United States and Canada. Its amenities and facilities include restaurants, full-service business centers, chic public spaces for entertaining or relaxing, fitness centers and spas, and facilities for meetings and events. The company was founded in 1946 and is based in New York, New York. It has properties in Annapolis, Maryland; Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Rosemont, Illinois; Hollywood, San Diego, San Francisco, and Santa Monica, California; Miami Beach, Florida; Minneapolis, Minnesota; Montreal, Canada; Nashville, Tennessee; New Orleans, Loui...

667 Madison Avenue

New York, NY 10065

United States

Founded in 1946

Phone:

212-521-2000

Fax:

212-521-2379

Key Executives for Loews Hotels, Inc.

Chairman, Chief Executive Officer and Co-Chairman of Loews Corporation
Age: 63
Chief Financial Officer and Executive Vice President
Executive Vice President of Operations
Vice President of Public Relations
Chief Marketing Officer
Compensation as of Fiscal Year 2017.

Loews Hotels, Inc. Key Developments

Loews Hotels & Co Announces Plans to Build its First Ever St. Louis Hotel

Loews Hotels & Co announced plans to build its first ever St. Louis hotel, which will be part of Ballpark Village's $260 million expansion project. Ballpark Village, developed by the St. Louis Cardinals and The Cordish Companies, is a mixed-use dining and entertainment district adjacent to Busch Stadium. The hotel will debut as Live! by Loews St. Louis, MO, a partnership between Loews Hotels & Co., The Cordish Companies and the St. Louis Cardinals. The Live! by Loews hotel concept was developed jointly by two of the most prominent and respected names in hospitality and entertainment: Loews Hotels & Co and The Cordish Companies. Loews Hotels & Co has been a leader in the hotel industry for more than sixty years, offering distinctive experiences to its guests, for business, group, leisure and family travelers. The Cordish Companies' Live! brand has set a new national standard in dining, hospitality and entertainment destinations, welcoming over 50 million visitors annually to its entertainment districts. The $65 million hotel will bring an upscale hospitality experience to downtown St. Louis. Located directly across from Busch Stadium at the intersection of Clark and 8th Streets, Live! by Loews St. Louis, MO will be a celebration of the rich history of St. Louis, a spectacular destination for sports fans, families, and visitors, as well as a premier location for meetings and special events. The 8-story hotel tower is part of a dynamic plan to complete a full build-out of Clark Street, transforming it into one of the most unique city streets in all of professional sports. Designed by internationally-acclaimed HKS Architects Hospitality Studio, the exterior architecture and interior design will be influenced by local St. Louis character, including inspiration used for Busch Stadium. Live! by Loews St. Louis, MO will feature: 216 luxury guestrooms, including 19 suites; 17,000 square feet of meeting and special event space that boasts incredible views of Busch Stadium, downtown St. Louis and the Gateway Arch. Located on the hotel's second level, these spaces include: A Grand Ballroom that flows out to an outdoor amenity deck; An Executive Board Room; Several break out meeting rooms; An expansive, exclusive outdoor event terrace; Great Room Lounge and Outdoor Terrace: A sophisticated central gathering place that offers both indoor and outdoor guest experiences. Located on the first level, the Great Room lounge area and outdoor terrace will provide guests the opportunity to enjoy premier food and beverage offerings, private dining options, and an impressive digital AV experience that showcases sports, entertainment and art. Fitness facility, lobby and porte-cochere entrance with 24-hour valet services.

Loews Hotels & Co. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Loews Hotels & Co. reported consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of $181 million against $189 million a year ago. Income before income tax was $20 million against $4 million a year ago. Net income attributable to the company was $10 million against $1 million a year ago. For the six months the company reported revenue of $348 million against $352 million a year ago. Income before income tax was $39 million against $13 million a year ago. Net income attributable to the company was $20 million against $4 million a year ago.

Loews Hotels & Co and KC Hotel Developers LLC Partner on New Kansas City Convention Center Hotel

Loews Hotels & Co and KC Hotel Developers LLC announce a partnership to build the new Loews Kansas City (KC) Convention Center Hotel. Loews Hotels is a joint equity partner in this venture. Construction will begin later 2017 for a grand opening in early 2020. Loews Kansas City Convention Center Hotel will showcase 800 guestrooms, a lobby bar, signature restaurant, three meal restaurant, indoor lap pool and 60,000 square feet of meeting and event space, which connects directly to the Kansas City Convention Center with a new connector bridge. The hotel is also in walking distance to key attractions and other destination landmarks like the Kansas City Power & Light District, Sprint Center, KC Streetcar and the Kauffman Center for the Performing Arts. Loews Kansas City Convention Center Hotel is expected to create approximately 2,000 new jobs for Kansas City, including 1,400 construction jobs and more than 500 permanent jobs.

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Recent Private Companies Transactions

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January 5, 2017
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