Loews Hotels & Resorts will open its first Chicago hotel in 2015 in a 52-story tower that will include 390 luxury condominiums as well as 400 hotel rooms.
The Loews Chicago, which will be located near North Michigan Avenue and the Chicago River, will have 25,000 square feet of meeting space, a rooftop pool and views of Lake Michigan.
Loews, which owns or operates 18 hotels in North America, has continued to aggressively expand since hiring Paul Whetsell as president and CEO last January.
Loews said at the time that it would set aside more than $500 million to acquire and build hotels in major U.S. cities. (The Chicago hotel is being developed by DRW Trading Group.)
Last year, the company acquired the 632-room Renaissance Hollywood and renamed it the Loews Hollywood. Last month, Loews agreed to buy the Madison in Washington, D.C., about two years after being removed as manager of that 356-room hotel.
And earlier this month, Loews said its 1,800-room Cabana Bay Beach Resort will open at Florida’s Universal Orlando in 2014.
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