ARLINGTON, Texas, Oct. 12, 2021 /PRNewswire/ -- Loews Hotels
& Co, a wholly owned subsidiary of Loews Corporation (NYSE: L),
has officially broken ground on the new $550
million Loews Arlington Hotel and Convention Center.
Executives from the company were joined by Arlington Mayor Jim
Ross, former Mayor Jeff
Williams, Chairman & Managing Partner of the Texas
Rangers Ray Davis, The Cordish Companies' Director of
Communications, Cari Furman, along
with members of the Arlington City Council and other community and
business leaders, to recognize and celebrate this milestone.
The addition of the Loews Arlington Hotel and Convention Center,
a full-service resort, will further strengthen Arlington's robust convention and tourism
opportunities. The city is one of the premier sports and
entertainment destinations in the United
States, and a leading destination for meetings, events, and
leisure travel.
"Loews Arlington Hotel and Convention Center will allow us to
capitalize on what we do best – combine a unique meetings and
events destination with a best-in-class leisure resort," said
Jonathan Tisch, Chairman & CEO,
Loews Hotels & Co. "This significant investment further
underscores our confidence and commitment not only in the great
City of Arlington, Texas but also
in the strength of the travel and tourism industry and our belief
in the recovery of post-pandemic travel."
This property will be the second Arlington hotel for the hospitality company.
Loews Arlington Hotel and Convention Center is scheduled to open in
early 2024. This new hotel will be located across from Live! by
Loews, which is a joint venture among Loews Hotels & Co, the
Texas Rangers and The Cordish Companies, built on the former Texas
Rangers' Lot J parking lot.
"Arlington has some of the best
built-in demand generators in the country, such as AT&T Stadium
and Globe-Life Field. These attractions, coupled with Loews Hotels'
track record of offering distinctive experiences alongside
operational excellence, will help establish the Loews Arlington
Hotel and Convention Center as a centerpiece in The American Dream
City," said Alex Tisch, President,
Loews Hotels & Co. "Our goal is for Arlington, Texas to stand alongside
Las Vegas and Orland as one
of the preeminent family, sports and entertainment destinations in
America."
This new project marks the first time that Loews Hotels & Co
is acting as the developer as well as the owner and branded
operator. The nearly $550 million
project is financed with Loews Hotels & Co capital and a
$300 million loan from MetLife
Investment Management.
"Arlington continues to build
on our incredible economic momentum, and today's groundbreaking is
another exciting example of our commitment to job creation and
providing world-class amenities to our residents and visitors,"
said Arlington Mayor Jim Ross. "Loews Hotels & Co is a
best-in-class hotel brand and with innovative partners like Loews
Hotels & Co, the Tisch Family, the Texas Rangers and The
Cordish Companies, we're able to further establish The American
Dream City as a premier destination for visitors around the
globe."
Loews Arlington Hotel and Convention Center will feature:
- 888 guestrooms and suites
- 200,000 square feet of indoor meeting space
- 66,000 square feet of outdoor space, including an oversized
event lawn
- Five food and beverage outlets, including a three-meal
indoor/outdoor restaurant featuring two wood-fire pizza ovens and
homemade pasta made on-site and a soon-to-be-named third-party
restaurant from a well-known restaurateur
- 1,550-space parking garage
- Resort-style beach club with two pools, man-made beach,
cabanas, fire pits and water slide
- The Arlington Convention
Center, also operated by Loews Hotels & Co, will be located
within the hotel
Situated between Globe Life Field and AT&T Stadium,
Loews Arlington Hotel and Convention Center will be accessible to
the 300-room Live! by Loews via a Sky Bridge. The two hotels
combined will offer nearly 1,200 guestrooms and more than 300,000
square feet of meeting and event space.
"The addition of the Loews Arlington Hotel and the Arlington Convention Center bring the
development of the Arlington Entertainment District to another
whole level," said Texas Rangers Chairman and Managing Partner Ray
Davis. "The existing world-class sports and entertainment venues
will now be complimented by incredible hotel and meeting facilities
that will attract national and international events of all kinds. I
want to thank our partners, the City of
Arlington, Loews Hotels & Co, and The Cordish Companies
for sharing our vision that has become a spectacular reality in a
few short years."
Loews Arlington Hotel and Convention Center is part of phase two
of the development of Arlington's
Entertainment District. Continuing their public-private partnership
with the City of Arlington, Loews
Hotels & Co, The Texas Rangers and The Cordish Companies are
building upon the momentum and success of Texas Live!, Live! by
Loews, and the Rangers' new Globe Life Field. Additional features
of the new expansion include a mixed-use residential building and a
Spark coworking space, both developed by The Cordish Companies.
"It is an honor for The Cordish Companies to continue our
partnership with the Texas Rangers, Loews Hotels & Co and
the City of Arlington to
deliver a transformative project for Arlington," said
Blake Cordish, Principal of The
Cordish Companies. "Loews is one of the preeminent hoteliers
in North America and a leader in the convention and meetings
industry. The groundbreaking of the new Loews Arlington Hotel
and Arlington Convention Center is an important next step
in our commitment to create a world-class, mixed-use development
that will cement Arlington as one of the leading premier
sports, entertainment, culture, hospitality and tourism
destinations in the country."
Loews Hotels & Co is working with HKS as the architect and
Looney & Associates on the interior design for this new
development. Loews Arlington Hotel and Convention Center is being
built by JE Dunn, who recently built the Loews Kansas City Hotel,
which opened in June 2020.
Arlington's Con-Real is also
involved in the construction of the project.
About Loews Hotels & Co
Headquartered in
New York City, Loews Hotels &
Co is rooted in deep heritage and excellence in service. The
hospitality company encompasses branded independent Loews Hotels,
and a solid mix of partner-brand hotels. Loews Hotels & Co owns
and/or operates 26 hotels and resorts across the U.S. and
Canada, including the new Loews
Kansas City and Universal's Endless Summer Resort – Dockside Inn
and Suites, the eighth hotel in partnership with Comcast NBC
Universal that opened at the end of 2020. Located in major city
centers and resort destinations from coast to coast, the Loews
Hotels portfolio features properties grounded in family heritage
and dedicated to delivering unscripted guest moments with a
handcrafted approach. For reservations or more information about
Loews Hotels, call 1-800-23-LOEWS or
visit: www.loewshotels.com.
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Facebook: www.facebook.com/LoewsHotels
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SOURCE Loews Hotels & Co