Loews Completes Acquisition of Back Bay Hotel
Tuesday February 12th, 2013 - 10:06AM HG
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BOSTON—Loews Hotels & Resorts completed the acquisition of the 225-room Back Bay Hotel, here, and converted the former Doyle Collection property to the Loews Hotels brand.
Loews Hotels plans an approximate $8-million renovation, which is slated to begin in the fall.
“The Loews Boston Back Bay Hotel is a distinctive property,” said Paul Whetsell, president/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 also recently acquired and converted the 356-room Madison Hotel in Washington, DC to the Loews Madison Hotel and has two properties under construction in Orlando and Chicago.
The expansion is part of the company’s strategy to add to its portfolio in gateway cities and key resort destinations over the next five years.
Tags: • Hospitality • Construction/Renovation • Ownership •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.