Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L), today announced that the company completed the acquisition of the 556-room InterContinental Chicago O'Hare Hotel.
Located less than two miles from O'Hare Airport and just 13 miles from downtown Chicago, the newly named Loews Chicago O'Hare Hotel has immediately been converted to the Loews Hotels brand.
The hotel is across the street from the Donald E. Stephen's Convention Center, adjacent to the newly opened Fashion Outlets of Chicago and a couple blocks from the Rosemont Entertainment District. Loews Chicago O'Hare features three restaurants and bars, more than 53,000 square feet of meeting and event space, and a curated art gallery.
"As we grow and expand the brand, we always look for properties that appeal to all kinds of travelers—leisure travelers, the business traveler as well as groups," said Paul Whetsell, President & CEO, Loews Hotels & Resorts. "Loews Hotels has a strong presence in serving the meetings market and we're excited about the wealth of meetings and event opportunities that the addition of Loews Chicago O'Hare will provide for our customers."
This addition is part of Loews Hotels & Resorts expanding their footprint throughout the Midwest. Earlier this month, the company acquired the Graves 601 hotel, now renamed Loews Minneapolis Hotel, and in February 2015, the 400-room new build Loews Chicago Hotel, located in the heart of downtown, will open. Loews Hotels continues to add properties in gateway cities and resort destinations.
Headquartered in New York City, Loews Hotels & Resorts owns and/or operates 22 hotels and resorts across the U.S. and Canada, including two newly acquired Midwest locations – the Loews Minneapolis Hotel, situated in the heart of Minneapolis' entertainment district, and the Loews Chicago O'Hare Hotel, less than two miles from O'Hare Airport in the emerging city of Rosemont, Ill.
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