Loews Hotels & Resorts Completes Acquisition of Back Bay Hotel in Boston, MA

Back Bay Hotel, Boston, MA

NEW YORK, NY (Feb. 12, 2013) — 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.”

Paul Whetsell

 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. 

Contacts:

Daly Gray

Chris Daly

(703) 435-6293

chris@dalygray.com

Loews Hotels & Resorts
Lark-Marie Anton                                                                    

(212) 521-2779            

lanton@loewshotels.com

Sarah Murov, (212) 521-2495, smurov@loewshotels.com