Loews Hotels & Resorts Purchases The InterContinental Chicago O’Hare Hotel

Hotel Will Be Second Chicago Location as Loews Adds to Its Midwest Footprint

NEW YORK, NY (June 30, 2014) – Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation (NYSE: L), today announced that the company has entered into an agreement to purchase the 556-room InterContinental Chicago O’Hare Hotel. The acquisition is expected to close in late July.

The InterContinental Chicago O’Hare will be the second hotel for Loews in the Chicago area and the third new hotel in the Midwest. Earlier this month, the company announced an agreement to purchase the Graves 601 Hotel in Minneapolis. Loews Chicago, a 400-room new build hotel, located downtown, will debut in February 2015. This is all part of Loews Hotels’ goal to add substantially to its portfolio of hotels over the next few years. The company continues to add properties in gateway cities and resort destinations.

“The Midwest is an area where we were looking to increase our presence,” said Jonathan Tisch, Chairman, Loews Hotels & Resorts. “Adding the Loews Chicago O’Hare to our portfolio allows us to offer two Loews experiences in the Chicago area, one in the booming area of Rosemont, IL, and one downtown with the new Loews Chicago Hotel opening in early 2015.”

Located less than two miles from O’Hare Airport and just 13 miles from downtown Chicago, the InterContinental Chicago O’Hare is across the street from the Donald E. Stephen’s Convention Center, adjacent to the newly opened Fashion Outlets of Chicago and a couple blocks from the Rosemont Entertainment district. The hotel features three restaurants and bars, more than 53,000 square feet of meeting and event space, and a curated art gallery.

“Loews Hotels has a strong reputation in the group meetings and conventions market and is known for delivering excellent customer service to our hotels,” said Paul Whetsell, President & CEO, Loews Hotels & Resorts. “We look forward to bringing that expertise and stellar service to guests and meeting attendees visiting this hotel.”

Loews Hotels & Resorts
Headquartered in New York City, Loews Hotels & Resorts owns and/or operates 21 hotels and resorts in the U.S. and Canada, including the newly acquired Loews Madison Hotel, located in the heart of Washington at the epicenter of legendary D.C. landmarks, and the Loews Boston Hotel, one of Boston’s preeminent historic buildings, situated on the corner of Berkeley and Stuart Streets. Located in major city centers and resort destinations in North America from coast to coast, the Loews portfolio features one-of-a-kind properties that go beyond Four Diamond standards to delight guests with exciting, approachable and local travel experiences. For reservations or more information about Loews Hotels & Resorts, call 1-800-23-LOEWS or visit: www.loewshotels.com.

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Loews Hotels & Resorts Purchases The Graves 601 Hotel in Minneapolis

NEW YORK, NY (May 29, 2014) – Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation (NYSE: L), today announced that the company has entered into an agreement to purchase the 255-room Graves 601 Hotel Wyndham Grand from the Graves Hospitality Corporation. The acquisition is expected to close in early July.

Graves 601 Hotel is the fourth major hotel purchase announced by Loews Hotels in the past two years, as part of the goal to add substantially to its portfolio of hotels. The hotel company continues to aggressively seek additions in gateway cities and resort destinations and anticipates announcing additional Loews properties in the coming months.

“Minneapolis is a key market for us as we expand our brand,” said Paul Whetsell, President & CEO of Loews Hotels & Resorts. “Not only is Graves 601 in a prime location, the hotel has a quality product and strong reputation in the market, which makes this a welcome addition to the Loews family.”

“We are pleased to be selling to Loews knowing that they are a first class company and a good fit for the market, the team members and community. We feel absolutely confident that passing the baton to Loews ensures the hotel will continue to be an asset for Minnesota,” explained Jim Graves, Founder of Graves Hospitality.

Located at the center of the business, theatre and entertainment districts in the heart of downtown Minneapolis, Graves 601 is directly across the street from the Target Center and is connected by the Skyway system. The hotel features two restaurants and bars, more than 9,000 square feet of meeting and event space, a recently renovated spa and a fitness center.

Loews Hotels & Resorts
Headquartered in New York City, Loews Hotels & Resorts owns and/or operates 20 hotels and resorts in the U.S. and Canada, including the newly acquired Loews Madison Hotel located in the heart of Washington at the epicenter of legendary D.C. landmarks and the Loews Boston Hotel, one of Boston’s preeminent historic buildings, situated on the corner of Berkeley and Stuart Streets. Located in major city centers and resort destinations in North America from coast to coast, the Loews portfolio features one-of-a-kind properties that go beyond Four Diamond standards to delight guests with exciting, approachable and local travel experiences. For reservations or more information about Loews Hotels & Resorts, call 1-800-23-LOEWS or visit: www.loewshotels.com.

Like Loews Hotels & Resorts on Facebook: www.facebook.com/LoewsHotels
Follow Loews Hotels & Resorts on Twitter: www.twitter.com/loews_hotels
Watch Loews Hotels & Resorts on YouTube: www.youtube.com/LoewsHotels
Read our Wish You Were Here Blog at www.loewshotelsblog.com

Click here to view the Loews To Purchase Graves 601 Hotel release