Loews Hotels & Resorts Announces Loews Hollywood Hotel
Agrees to acquire property at Hollywood & Highland Center on June 16, 2012
NEW YORK, May 31, 2012 /PRNewswire/ -- Lights! Camera! Loews! Loews Hotels & Resorts announces agreement to purchase the Renaissance Hollywood Hotel located adjacent to the Hollywood & Highland Center on June 16, 2012. The hotel features 632 guestrooms, including 32 suites as well as over 48,000-square-feet of meeting space. The property will remain open while undergoing a $26 million renovation beginning later this year.
"We continually look to enhance our uniquely local guest experiences through our style of comfortable luxury and genuine service combined with properties in the best locations," said Jonathan Tisch, Chairman of Loews Hotels. "The Loews Hollywood Hotel embodies the essence of Los Angeles and the addition of our signature services and upgraded amenities will match the energy and vibrant culture of Hollywood."
"The Loews Hollywood Hotel marks the beginning of our commitment to growing the Loews brand," said Paul Whetsell, President and CEO of Loews Hotels. "As one of North America's leading luxury hotel companies, this property in Los Angeles, California is an exciting addition to our expanding portfolio."
A cultural landmark, the hotel opened in 2001 and established itself as the premier location in the movie-making capital of the world. Set with spectacular views of the world-famous Hollywood sign and along the renowned Walk of Fame, the hotel rises 20 stories above the intersection of Hollywood Boulevard and Highland Avenue, placing it in the heart of Los Angeles' most dynamic neighborhood.
The Loews Hollywood Hotel is part of the Hollywood & Highland Center, giving guests direct access to the 460,000-square-foot center containing over 80 shops, 26 restaurants and eateries, two nightclubs, seven movie screens, eight bars, 12 bowling lanes, the newly renamed Dolby Theatre, which is where the Academy Awards® are held and also features IRIS, Cirque du Soleil's newest production and first resident show in Los Angeles. The property is also conveniently accessible to the Hollywood Bowl amphitheater and Universal Studios Hollywood theme park and movie studio.
Guests can expect the creative elements and amenities, innovative programs and superior service for which Loews Hotels is known. The hotel's most defining features – the spa, pool terrace, restaurant and event space – will be enhanced with the uniquely local touches that make Loews Hotels distinct. Wolfgang Puck Catering will continue to partner with Loews in the operation and catering of the 25,000-square-foot ballroom located in the Hollywood & Highland Center complex.
About Loews Hotels & Resorts
Headquartered in New York City, Loews Hotels & Resorts owns and/or operates 17 hotels and resorts in the U.S. and Canada. Located in major city centers and resort destinations from coast to coast, the Loews portfolio features one-of-a-kind properties that go beyond Four Diamond standards to delight guests with a supremely comfortable, uniquely local and vibrant travel experience. For reservations or more information on Loews Hotels, call 1-800-23-LOEWS or visit: www.loewshotels.com.
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