NEW YORK—Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation, announced that the company will open a new property in Chicago. The hotel is being developed by Chicago-based DRW Trading Group (DRW) and designed by the architectural firm Solomon Cordwell Buenz.
The Loews Chicago Hotel will feature 400 guestrooms, including 36 suites, a signature restaurant, more than 25,000 square feet of meeting space, multiple outdoor terraces for guest and function uses, spa/fitness center, and an outdoor rooftop including a pool overlooking the city. The hotel is slated to open in January, 2015.
“This Chicago property promises to deliver a unique experience for our guests as we expand and grow our brand,” said Jonathan Tisch, chairman of Loews Hotels & Resorts. “The location, amenities and services will surpass expectations, making the Loews Chicago Hotel one of the most sought after hotels in the area.”
Loews Hotels & Resorts’ plans for the new Chicago hotel follow the announcement of another new build, the 1,800-room Cabana Bay Beach Resort at Universal Orlando, expected to open in 2014. Cabana Bay Beach Resort is the fourth hotel in partnership with Universal Parks & Resorts, and is one of the largest hotels being built in the United States at the present time.
“Loews Chicago and Cabana Bay Beach Resort further highlight our goal of working with proven investors and partners as we seek to continue operating distinct properties in key markets,” said Paul Whetsell, president and CEO of Loews Hotels & Resorts. “These new developments are important steps in our plan to expand Loews in major cities across North America.”
The addition of the Chicago and Orlando properties is part of the company’s strategy to add to its portfolio of hotels over the next five years.
