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| Jonathan Tisch |
NEW YORK, NY — Loews
Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L),
announced that the company completed the purchase of the of the 398-room Loews Ventana
Canyon Resort, which has been managed by Loews Hotels since its opening in
December 1984.
Tucson’s Estes family
will retain a minority ownership position in the resort.
Located in the Catalina Mountain range in the Sonoran
Desert, Loews Ventana Canyon Resort has been highly regarded by locals, guests
and meeting planners since its inception, receiving numerous awards and
accolades. Beginning in 2015, the
resort will undergo a significant renovation to enhance the overall guest
experience and maintain its presence in the Tucson marketplace.
“Loews Ventana Canyon Resort was the first hotel I developed
from start to finish when I returned to Loews Hotels in the early eighties,”
said Jonathan Tisch, Chairman, Loews Hotels & Resorts.
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| Ventana Canyon Resort, Catalina Mountain Range, Sonoran Desert, Tucson, AZ market |
"Conceptualized and built almost 30 years ago, the Estes
Company and Loews Hotels created an iconic resort that is still very much a
part of the Tucson landscape and a classic property within our brand.
"We look forward to containing the
partnerships with the Estes family and the city of Tucson as we launch the next
exciting phase of the resort.”
For a complete
copy of the company’s news release, please contact:
Sarah Murov
Loews
Hotels & Resorts
(212)
521-2495
Chris Daly (Media)
Daly Gray, Inc.
(703) 435-6293
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