Loews Inns & Co Breaks Floor on Loews Arlington Resort & Conference Middle
WHY IT RATES: This newest resort growth is ready to change into one of many coolest resort and occasion areas in Arlington, Texas. – Lacey Pfalz, Affiliate Author, TravelPulse
Loews Inns & Co, a completely owned subsidiary of Loews Company (NYSE: L), has formally damaged floor on the brand new $550 million Loews Arlington Resort and Conference Middle. Executives from the corporate have been joined by Arlington Mayor Jim Ross, former Mayor Jeff Williams, Chairman & Managing Companion of the Texas Rangers Ray Davis, The Cordish Corporations’ Director of Communications, Cari Furman, together with members of the Arlington Metropolis Council and different neighborhood and enterprise leaders, to acknowledge and have fun this milestone.
The addition of the Loews Arlington Resort and Conference Middle, a full-service resort, will additional strengthen Arlington’s sturdy conference and tourism alternatives. The town is among the premier sports activities and leisure locations in america, and a number one vacation spot for conferences, occasions and leisure journey.
MORE Resort & Resort
“Loews Arlington Resort and Conference Middle will permit us to capitalize on what we do greatest – mix a novel conferences and occasions vacation spot with a best-in-class leisure resort,” mentioned Jonathan Tisch, Chairman & CEO, Loews Inns & Co. “This important funding additional underscores our confidence and dedication not solely within the nice Metropolis of Arlington, Texas but additionally within the energy of the journey and tourism trade and our perception within the restoration of post-pandemic journey.”
This property would be the second Arlington resort for the hospitality firm. Loews Arlington Resort and Conference Middle is scheduled to open in early 2024. This new resort will likely be positioned throughout from Stay! by Loews, which is a three way partnership amongst Loews Inns & Co, the Texas Rangers and The Cordish Corporations, constructed on the previous Texas Rangers’ Lot J car parking zone.
“Arlington has a few of the greatest built-in demand turbines within the nation, comparable to AT&T Stadium and Globe-Life Subject. These sights, coupled with Loews Inns’ observe file of providing distinctive experiences alongside operational excellence, will assist set up the Loews Arlington Resort and Conference Middle as a centerpiece in The American Dream Metropolis,” mentioned Alex Tisch, President, Loews Inns & Co. “Our aim is for Arlington, Texas to face alongside Las Vegas and Orland as one of many preeminent household, sports activities and leisure locations in America.”
This new challenge marks the primary time that Loews Inns & Co is appearing because the developer in addition to the proprietor and branded operator. The almost $550 million challenge is financed with Loews Inns & Co capital and a $300 million mortgage from MetLife Funding Administration.
“Arlington continues to construct on our unbelievable financial momentum, and at this time’s groundbreaking is one other thrilling instance of our dedication to job creation and offering world-class facilities to our residents and guests,” mentioned Arlington Mayor Jim Ross. “Loews Inns & Co is a best-in-class resort model and with revolutionary companions like Loews Inns & Co, the Tisch Household, the Texas Rangers and The Cordish Corporations, we’re in a position to additional set up The American Dream Metropolis as a premier vacation spot for guests across the globe.”
Loews Arlington Resort and Conference Middle will function:
– 888 guestrooms and suites
– 200,000 sq. toes of indoor assembly house
– 66,000 sq. toes of outside house, together with an outsized occasion garden
– 5 meals and beverage shops, together with a three-meal indoor/outside restaurant that includes two wood-fire pizza ovens and home made pasta made on-site and a soon-to-be-named third-party restaurant from a widely known restaurateur
– 1,550-space parking storage
– Resort-style seaside membership with two swimming pools, man-made seaside, cabanas, hearth pits and water slide
– The Arlington Conference Middle, additionally operated by Loews Inns & Co, will likely be positioned inside the resort
– Located between Globe Life Subject and AT&T Stadium, Loews Arlington Resort and Conference Middle will likely be accessible to the 300-room Stay! by Loews through a Sky Bridge. The 2 accommodations mixed will supply almost 1,200 guestrooms and greater than 300,000 sq. toes of assembly and occasion house.
“The addition of the Loews Arlington Resort and the Arlington Conference Middle carry the event of the Arlington Leisure District to a different entire degree,” mentioned Texas Rangers Chairman and Managing Companion Ray Davis. “The present world-class sports activities and leisure venues will now be complimented by unbelievable resort and assembly amenities that may appeal to nationwide and worldwide occasions of every kind. I wish to thank our companions, the Metropolis of Arlington, Loews Inns & Co, and The Cordish Corporations for sharing our imaginative and prescient that has change into a spectacular actuality in just a few quick years.”
Loews Arlington Resort and Conference Middle is a part of part two of the event of Arlington’s Leisure District. Persevering with their public-private partnership with the Metropolis of Arlington, Loews Inns & Co, The Texas Rangers and The Cordish Corporations are constructing upon the momentum and success of Texas Stay!, Stay! by Loews, and the Rangers’ new Globe Life Subject. Further options of the brand new enlargement embrace a mixed-use residential constructing and a Spark coworking house, each developed by The Cordish Corporations.
“It’s an honor for The Cordish Corporations to proceed our partnership with the Texas Rangers, Loews Inns & Co and the Metropolis of Arlington to ship a transformative challenge for Arlington,” mentioned Blake Cordish, Principal of The Cordish Corporations. “Loews is among the preeminent hoteliers in North America and a frontrunner within the conference and conferences trade. The groundbreaking of the brand new Loews Arlington Resort and Arlington Conference Middle is a vital subsequent step in our dedication to create a world-class, mixed-use growth that may cement Arlington as one of many main premier sports activities, leisure, tradition, hospitality and tourism locations within the nation.”
Loews Inns & Co is working with HKS because the architect and Looney & Associates on the inside design for this new growth. Loews Arlington Resort and Conference Middle is being constructed by JE Dunn, who just lately constructed the Loews Kansas Metropolis Resort, which opened in June 2020. Arlington’s Con-Actual can be concerned within the development of the challenge.
SOURCE: Loews Inns & Co. press launch.