Loews Hotels & Resorts Completes Acquisition of the Back Bay Hotel in Boston
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http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130212:nBw125544a Rebranded Loews Boston Back Bay Hotel NEW YORK--(Business Wire)-- 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 Loews Hotels & Resorts Lark-Marie Anton, 212-521-2779 email@example.com or Sarah Murov, 212-521-2495 firstname.lastname@example.org or Daly Gray Chris Daly, 703-435-6293 email@example.com Copyright Business Wire 2013
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