Loews Hotels & Resorts to Purchase Seattle’s Hotel 1000; Rebranding as Loews Regency Seattle in 2017

Loews Hotels & Resorts | January 26, 2016

NEW YORK (January 26, 2016) - Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation (NYSE:L), today announced that it has entered into an agreement to purchase the 120-room Hotel 1000. The acquisition is expected to close Thursday, January 28. "Seattle has been a target destination for us as we expand our brands into major U.S. markets. Hotel 1000 has an ideal location, stellar reputation and a quality product," said Kirk Kinsell, President & CEO of Loews Hotels & Resorts. "We will continue to operate the hotel as Hotel 1000, a leading hotel in the market, which has offered a consistent luxury...