"There is an awful, awful lot that goes into any decision to take any company public, or to sell it," Tisch said on a conference call, in response to an analyst's question. "At this point in time, we just don't see the benefits of monetizing our hotel interest."
Loews Hotels last year posted net income of $31.2 million on revenue of $350.5 million. It generates just 2 percent of overall revenue for its New York-based parent, whose businesses also include financial, tobacco, energy and watch-making companies.
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Source - Reuters
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