Acquisition to include a multi-million dollar renovation.
NEW YORK, NY – Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation 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. “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.”
Loews Hotels & Resorts continues to add properties in gateway cities and resort destinations. This summer the company announced the acquisitions of the Loews Minneapolis Hotel (formerly Graves 601 Hotel) and the Loews Chicago O’Hare Hotel (formerly InterContinental Chicago O’Hare Hotel.) In addition, the Loews Chicago Hotel, a 400-room new build hotel, located in downtown Chicago, will open in March 2015.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
