loews hotels & co
Loews Corporation Reports Net Income of $401 Million for the Third Quarter of 2024
Loews Corporation | November 4, 2024
NEW YORK, Nov. 4, 2024-- Loews Corporation (NYSE: L) today released its third quarter 2024 financial results. Third Quarter 2024 highlights:Loews Corporation reported net income of $401 million, or $1.82 per share, in the third quarter of 2024, compared to $253 million, or $1.12 per share, in the third quarter of 2023. Excluding the prior year third quarter's $37 million charge for the termination of Loews's defined benefit pension plan, net income grew 38% year-over-year due to increases at CNA, Boardwalk and investment income at the parent company, offset by a decrease at Loews Hotels. The following are key highlights: CN...
Loews Hotels & Co, in Partnership with Universal Orlando, Set to Open Universal Helios Grand Hotel in Tandem with Opening of Universal Epic Unive
Loews Hotels & Co | October 17, 2024
Orlando, Fla. (Oct. 17, 2024) – Loews Hotels & Co, co-owner and operator of the hotel portfolio at Universal Orlando Resort, announces the much-anticipated opening date of the company’s third hotel coming to Universal Epic Universe next year. Universal Helios Grand Hotel, a Loews Hotel will start taking reservations October 22 for bookings beginning May 22, 2025. The company is in the midst of unprecedented growth as it prepares to also open Universal Stella Nova Resort and Universal Terra Luna Resort in 2025. Bringing the Orlando hotel portfolio to a total of 11 hotels and 11,000 guest rooms, Universal Helios Grand Hotel combines ...
Loews Hotels & Co Names Dan Flannery Chief Operating Officer
Loews Hotels & Co | April 9, 2024
NEW YORK (April 9, 2024) – New York based owner and branded operator, Loews Hotels & Co, has named Dan Flannery Chief Operating Officer (COO.) Flannery will draw on more than four decades of hospitality industry experience to lead all aspects of Operations for the 25-hotel company. As COO, he is responsible for developing and implementing strategies to enhance operational efficiency, improve guest experiences and drive overall business growth. Flannery’s focus is rooted in delivering exceptional service, optimizing business unit profitability, along with ensuring seamless alignment and execution of strategic imperatives across the o...
Loews Arlington Hotel and Convention Center Opens in North Texas
Loews Hotels & Co | February 13, 2024
$550 Million Hotel Development is Loews' Second Loews Property in the Metroplex, adding 888 rooms and 266,000 square feet of function space to Arlington's Entertainment District ARLINGTON, Texas, Feb. 13, 2024 -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), today opens the Loews Arlington Hotel and Convention Center. The hotel is Loews' second and largest hotel in Arlington, Texas and the first-of-its-kind in the market, ushering a new era of hospitality to North Texas. Loews Arlington Hotel is a state-of-the-art, full-service meetings, events and resort destination that caters to groups of all ...
Loews Hotels & Co Realizes Highest Catering Revenues in Company History With IDeaS
IDeaS | February 15, 2023
Loews Hotels is an American luxury hospitality company that owns or operates 26 hotels in major city centers and resort destinations across the United States and Canada. Approximately 20 percent of revenue comes from meetings and events, and reporting on its function space metrics was becoming cumbersome due to the volume of data processing. As an industry innovator, Loews Hotels & Co knew they would need to find a better way to evaluate group business, including the value and revenue of the guest rooms, meeting space, and ancillary revenues, which are crucial to optimizing meeting space and increasing profitability. Automating Func...
Loews Hotels & Co Promotes Monica Xuereb to Chief Commercial Officer
Loews Hotels & Co | January 11, 2023
NEW YORK, NY (January 11, 2022) Loews Hotels & Co has promoted Monica Xuereb to the role of Chief Commercial Officer (CCO). Xuereb was previously Chief Revenue Officer for the New York-based Hospitality Company, which owns and operates 26 hotels in the United States and Canada. As CCO, Xuereb will lead the company’s Commercial strategy, including oversight of the key disciplines of Revenue Management, Sales & Marketing, Catering & Conference Services, Brand, Communications, e-Commerce, Distribution and the Customer Engagement Center. She brings nearly three decades of strategic thinking, data-driven decision-making, collab...
Loews Hotels & Co Appoints Alex Tisch CEO
Loews Hotels & Co | October 31, 2022
NEW YORK, Oct. 31, 2022 -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), announced that Alex Tisch will assume the role of CEO, effective January 1, 2023. In his new role, Alex will continue to work closely with Jonathan Tisch, who will become Executive Chairman, while remaining a member of the Office of the President and Co-Chairman of the Board of Loews Corporation. As President & CEO, Alex will oversee the day-to-day operations of the company, as well as the development and execution of the organization's strategy and the management of capital and resource allocation. "Since joining L...
Loews Hotels & Co Tops Off the $550 Million Loews Arlington Hotel and Arlington Convention Center
Loews Hotels & Co | July 20, 2022
ARLINGTON, Texas, July 20, 2022 -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), today topped off the $550 million Loews Arlington Hotel and Convention Center and announced the new signature restaurant. Executives from the company were joined by Arlington Mayor Jim Ross, Managing Partner and Majority Owner of the Texas Rangers Ray Davis, Benjamin Berg, Founder & CEO of Berg Hospitality, along with members of the Arlington City Council and other community and business leaders, to recognize and celebrate this milestone. Loews Hotels & Co "Loe...
