Loews Hotels & Resorts Breaks Ground on 400-room Hotel
By Gabriel Circiog, Associate Editor
Loews Hotels & Resorts recently held a groundbreaking ceremony on the site where it will open the Loews Chicago Hotel in 2015. Company officials, including Chairman Jonathan M. Tisch and President and CEO Paul Whetsell, were joined by Donald R. Wilson, Jr.— founder and CEO of DRW Trading Group—and Mayor of Chicago Rahm Emanuel at the ceremony.
“Even with Chicago’s hotel occupancy at a record high last year, companies continue to build more hotel stock as more and more tourists, business travelers and conventions are flocking to Chicago,” said Mayor Emanuel. “I am pleased to see this hotel rise from the ground, creating hundreds of jobs and setting up Chicago to continue its growth as one of the premiere destinations in the entire United States.”
Designed by the architectural firm Solomon Cordwell Buenz and developed by DRW, the Loews Chicago Hotel will be part of a 52-story tower that will also include 398 luxury residential apartments. The hotel will feature 400 guestrooms, including 36 suites. The new construction will also include a signature restaurant, over 25,000 square feet of meeting space, outdoor terraces, an outdoor rooftop including a swimming pool, and a spa/fitness center.
Donald R. Wilson, Jr. said: “We are excited to partner with Loews in designing and delivering a hotel and residential product. The apartment and hotel combination will be a benefit to one another, offering amenities to residents that set us apart from the current market.”
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Photo Courtesy of: Loews Hotels & Resorts via Facebook.Tags: Architecture/Design, Chicago hotel development, Chicago Lead Story, Commercial, Developers, Development, DRW Trading Group, economy, Finance/Investment, Hospitality, Investors, Local, Loews Chicago Hotel, Loews Hotels & Resorts, luxury, Managers, Mayor Rahm Emanuel, multi-family, National, operations, Policy, Professional, property management, Regional, Solomon Cordwell Buenz