Loews Hotels announced today that Jonathan M. Tisch will resume the duties of CEO for the Company following the departure of Kirk Kinsell, effective immediately. Mr. Kinsell informed the Company of his decision to resign for personal reasons. Mr. Tisch will continue to serve as Chairman of Loews Hotels and Co-Chairman of the Board for Loews Corporation.
"Loews Hotels has never been stronger. During Kirk's tenure as CEO, there have been many positive changes at Loews Hotels, and we fully intend to build on that success. We've added top talent to our already strong bench, expanded our network of hotels, and continued to improve our operations and profitability," said Mr. Tisch.
"Loews Hotels will remain focused on opportunistically growing in key markets with our group hotels and resort destinations. The Company, along with its team members and partners, is committed to providing the best experience for all of our guests," Mr. Tisch added.
Headquartered in New York City, Loews Hotels has three distinct brands, Loews Hotels & Resorts, Loews Regency and OE Collection. The company owns and/or operates 25 hotels and resorts across the U.S. and Canada, including the newly-acquired Hotel 1000 in downtown Seattle that will be re-branded into a Loews Regency in 2017. Loews Sapphire Falls Resort at Universal Orlando, the fifth hotel in partnership with Comcast NBC Universal, opened in July 2016.
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