Loews Hotels & Resorts Purchase The Back Bay Hotel in Boston, MA

The Back Bay Hotel, Boston, MA

NEW YORK, NY  — Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L),  announced that the company has entered into an agreement to purchase The Back Bay Hotel in Boston from The Doyle Collection.  The acquisition is expected to close in February 2013.

“Boston is one of the most vibrant markets in the U.S., and an excellent city for a Loews property,” said Jonathan Tisch, Chairman of Loews Hotels & Resorts.  “This one-of-a-kind, historic hotel is a unique addition to our growing portfolio.”

Jonathan Tisch

The announcement of The Back Bay Hotel in Boston follows the news of another recent acquisition, the iconic 356-room Madison Hotel in the heart of Washington, D.C.  The Loews portfolio will now include 21 hotels, including two under construction in Orlando and Chicago.

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For a complete copy of the company’s news release, please contact:

Lark-Marie Anton                                                                    

(212) 521-2779    

 lanton@loewshotels.com

                                                                   

Sarah Murov(

212) 521-2495

smurov@loewshotels.com