STOCK TITAN

Loews Arlington Hotel and Convention Center Officially Opens Its Doors

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Loews Hotels & Co opens the Loews Arlington Hotel and Convention Center, adding 888 rooms and 266,000 square feet of function space to Arlington's Entertainment District. The hotel offers state-of-the-art meeting facilities, world-class dining options, and resort-style amenities, aiming to attract sports enthusiasts, entertainment fans, and corporate groups. The property is strategically located between iconic sports stadiums, providing a unique hospitality experience in North Texas.
Positive
  • None.
Negative
  • None.

The recent opening of the Loews Arlington Hotel and Convention Center represents a significant expansion in Loews Hotels & Co's portfolio, particularly in the Arlington, Texas area. This development could potentially boost Loews Corporation's revenue streams and diversify its assets in the hospitality sector. The strategic location of the hotel, nestled between Dallas and Fort Worth and in proximity to major sports stadiums and an international airport, positions it to capitalize on both tourism and business travel.

From a market perspective, the addition of 888 rooms and extensive meeting space could attract a larger segment of corporate clients and event planners, seeking venues for conferences and large-scale events. This may result in increased occupancy rates and higher average daily rates (ADR) during peak events, subsequently impacting the company's bottom line positively. However, the success of this venture heavily depends on the company's ability to effectively market the new property and ensure operational efficiency amidst a competitive hospitality landscape.

Investing $550 million into the development of the Loews Arlington Hotel and Convention Center is indicative of Loews Corporation's commitment to growth within the hospitality industry. The investment's return will be closely monitored by shareholders and analysts, as it reflects on the company's strategic planning and capital allocation decisions.

Given the scale of the project and the anticipated influx of visitors for sports and entertainment events, as well as corporate functions, it is reasonable to expect an increase in cash flow from operations in the following quarters. This could potentially enhance Loews Corporation's stock market performance, provided that the hotel achieves expected occupancy and revenue per available room (RevPAR) targets. However, investors should also consider the risks associated with the substantial upfront capital expenditures and the time required for the investment to mature.

The opening of the Loews Arlington Hotel and Convention Center is a notable event in the hospitality industry, particularly for the North Texas region. The property's unique selling proposition lies in its large-scale meeting and convention facilities, coupled with luxury amenities and a prime location within the Entertainment District. This positions the hotel as a top contender for hosting major events, which could set a new industry standard for integrated resort experiences.

However, the long-term success of the property will depend on its ability to maintain high service standards, innovate in guest experiences and navigate the challenges of a post-pandemic travel environment. The hotel's performance will also serve as a barometer for the recovery and growth of the hospitality sector in the region, which has faced significant disruption in recent years.

$550 Million Hotel Development is Loews' Second Loews Property in the Metroplex, adding 888 rooms and 266,000 square feet of function space to Arlington's Entertainment District

ARLINGTON, Texas, Feb. 13, 2024 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), today opens the Loews Arlington Hotel and Convention Center. The hotel is Loews' second and largest hotel in Arlington, Texas and the first-of-its-kind in the market, ushering a new era of hospitality to North Texas.

Loews Arlington Hotel is a state-of-the-art, full-service meetings, events and resort destination that caters to groups of all sizes, as well as families who are looking for a world-class resort experience in the epicenter of the premier sports and entertainment district in the country. Centrally located between Dallas and Fort Worth, and just 10 minutes from the DFW International Airport, the 21-story resort features 888 guest rooms and luxury suites with a sophisticated, modern design.

The resort is situated between two iconic sports stadiums: Globe Life Field, home to the 2023 World Series Champion Texas Rangers and AT&T Stadium, home to the Dallas Cowboys. It is also conveniently connected to the new Arlington Convention Center which is also operated by Loews Hotels & Co and the existing 300 room Live! By Loews Hotel. Collectively, the Loews complex in Arlington will have 1,188 rooms and close to 300,000 square feet of best-in-class meeting space.  

"This opening marks a new day for the meetings and events business in North Texas with the addition of a new resort in the sports and entertainment capital of the world," said Alex Tisch, President & CEO, Loews Hotels & Co. "We anticipate to fill the hotel with sports enthusiasts and entertainment fans during game days and concerts, and the rest of the time, with corporations, associations and incentive groups, who will enjoy some of the best meeting space in America."

Everything is Bigger in Texas  
The scale and size of the property makes Loews Arlington Hotel a destination in and of itself. The property boasts an impressive 266,000 square feet of indoor/outdoor meeting and convention space. Whether attending a reception on the expansive Event Lawn or hosting a conference in the largest hotel ballroom in North Texas at 51,000 square feet, guests can expect to receive top notch service and memorable experiences. Additional meeting rooms range in size from big to small and can accommodate groups of up to 5,000 guests.   

World-Class Dining
Loews Arlington Hotel has five new restaurants and lounges including Farena, the three-meal Italian restaurant boasting two larger-than-life wood-fired stone pizza ovens and a Pasta Lab with fresh pasta made in-house daily.   

Additional dining options include Veranda, an al fresco extension of Farena located under a covered patio, Tomar El Sol, translated to "drink up the sun," which proudly embraces the restaurant's poolside location, Railbird, an artisanal market and coffee shop, and a lobby bar and lounge. Soy Cowboy, a pan-Asian fusion concept by Berg Hospitality will debut in summer 2024. 

Resort-Style Amenities  
In addition to state-of-the-art meeting space and unique dining experience, guests may enjoy countless amenities including a full-service Spa and Salon, resort-style beach club with two pools, cabanas, fire pits, a water slide and a man-made sandy beach.   

One Destination, Two Distinct Options
Loews Arlington Hotel is also accessible to the 300-room Live! by Loews – Arlington and all its amenities via skybridge. The two hotels combined offer nearly 1,200 guestrooms and more than 300,000 square feet of meeting and event space.

"Sporting events, theme parks, great food, and live entertainment—the new Loews Arlington and Convention Center puts visitors right in the heart of everything our vibrant Entertainment District has to offer. With is prime location, premium amenities, and more than a quarter million square feet of meeting space, this venue gives Arlington a competitive edge over other major event and convention centers across the country," Arlington Mayor Jim Ross said. "We appreciate the commitment from our partners, Loews Hotels & Co and the Texas Rangers, for their continued work to elevate Arlington's reputation as a premiere sports and tourism destination."

Loews Arlington Hotel and Convention Center is part of phase two of the development of Arlington's Entertainment District, which continues the momentum and success of Texas Live!, Live! by Loews - Arlington, and the Rangers' Globe Life Field.

"Today marks another significant milestone for Arlington and the Entertainment District," said Texas Rangers Managing Partner & Majority Owner Ray Davis. "As the new Loews Arlington and Convention Center opens its doors, this area increases its capacity to host some of the country's biggest sports and entertainment events as well as major conventions. The Rangers are proud the majority of the events and activations for the 2024 Major League All-Star Game in July will take right here in the Entertainment District. I congratulate our great partners, Loews Hotels & Co. and the City of Arlington for all of their efforts in construction of this spectacular facility."       

Loews Loves Arlington
To commemorate the opening Loews Arlington, Loews commissioned Arlington-based artist and educator, Justin Ginsberg, to create a glass blown sculpture. Ginsberg is the Assistant Chair and Glass Area Coordinator in the Art History Department and an Assistant Professor at the University of Texas at Arlington (UTA). His work has been featured in museums around the country including his most recent solo exhibition, Sky Column: Shaking the Shadow, at The Amon Carter Museum of American Art in Fort Worth, Texas. The state-of-the-art studio space in which the Loews sculpture was created and where Ginsberg teaches UTA students in the glass program, is well-known for being the largest glass blowing educational studio in the country. 

"Loews Hotels & Co continues to be invested in the City of Arlington. We wanted to celebrate the opening of Loews Arlington in a meaningful way by deepening the relationships with our community partners and showcasing the incredible local talent," says Complex Managing Director, Stephen Cummings. "Justin has been wonderful to work with and brought our vision to life."  

The sculpture is entitled, Loews Loves Arlington -- fitting considering its infinity heart shape and the timing of the hotel's opening, just one day before Valentine's Day. The sculpture will be on display permanently in the Library of the Loews Arlington lobby for guests and locals to view. 

Loews Hotels & Co worked with HKS as the architect and Looney & Associates on the interior design for this new hotel. Loews Arlington Hotel and Convention Center was built by JE Dunn, who built the Loews Kansas City Hotel, which opened in June 2020. Arlington's Con-Real and Nehmer were also involved in the development of the project.

Loews Arlington Hotel and Convention Center is located at 888 Nolan Ryan Expressway in Arlington, TX. For more information or to make a reservation, visit https://www.loewshotels.com/arlington-hotel.

To download photos of the new Loews Arlington Hotel, click here: Loews Arlington Images

About Loews Hotels & Co
Headquartered in New York City, Loews Hotels & Co is rooted in deep heritage and excellence in service. The hospitality company encompasses branded independent Loews Hotels and a solid mix of partner-brand hotels. Loews Hotels & Co owns and/or operates 26 hotels and resorts across the U.S. and Canada, including eight hotels at Universal Orlando Resort and three new hotels opening in 2025 as part of their partnership with Comcast NBC Universal. The newly opened Loews Arlington Hotel and Arlington Convention Center offers premier hospitality in the city's vibrant sports and entertainment district. Located in major city centers and resort destinations from coast to coast, the Loews Hotels portfolio features properties grounded in family heritage and dedicated to delivering unscripted guest moments with a handcrafted approach. For reservations or more information about Loews Hotels, call 1-800-23-LOEWS or visit: www.loewshotels.com

Like Loews Hotels on Facebook: www.facebook.com/LoewsHotels
Follow Loews Hotels on Twitter: www.twitter.com/loews_hotels
Watch Loews Hotels on YouTube: www.youtube.com/LoewsHotels

About Loews Arlington Hotel and Convention Center 
Loews Arlington Hotel and Convention Center is a state-of-the-art, full-service meetings and resort destination that caters to groups of all sizes, as well as families who are looking for a world-class experience in the epicenter of the premier sports and entertainment district in the country. Centrally located between Dallas and Fort Worth between iconic sports stadiums, Globe Life Field, home of the 2023 World Series Texas Rangers and AT&T Stadium, home of the Dallas Cowboys, the 888-room resort features five restaurants and lounges, two pools with an authentic sandy beach, cabanas and a water slide as well as a fitness center, full-service spa and salon and 266,000 square feet of meeting and event space. Loews Arlington Hotel is the second Loews Hotel in Arlington, Texas, joining the iconic sports resort, Live! By Loews - Arlington. For more information and to make reservations, please visit www.loewshotels.com/arlington-hotel or call (682)-318-2810.

Follow along on our adventures. Facebook | Instagram

Media Contact:
Lisa Garland
Loews Hotels & Co
Email: lisa.garland@loewshotels.com
Phone: 214-457-6308

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/loews-arlington-hotel-and-convention-center-officially-opens-its-doors-302060774.html

SOURCE Loews Hotels & Co

FAQ

What is the name of the hotel opened by Loews Hotels & Co in Arlington, Texas?

The hotel opened by Loews Hotels & Co in Arlington, Texas is called Loews Arlington Hotel and Convention Center.

How many rooms and square feet of function space were added to Arlington's Entertainment District by Loews Hotels & Co?

Loews Hotels & Co added 888 rooms and 266,000 square feet of function space to Arlington's Entertainment District.

What are some of the amenities offered at Loews Arlington Hotel and Convention Center?

Some of the amenities offered at Loews Arlington Hotel and Convention Center include a full-service Spa and Salon, two pools, cabanas, fire pits, a water slide, a man-made sandy beach, and five restaurants and lounges.

Who is the President & CEO of Loews Hotels & Co?

The President & CEO of Loews Hotels & Co is Alex Tisch.

What major sports stadiums are located near the Loews Arlington Hotel?

The Loews Arlington Hotel is situated between Globe Life Field, home to the Texas Rangers, and AT&T Stadium, home to the Dallas Cowboys.

Loews Corporation

NYSE:L

L Rankings

L Latest News

L Stock Data

17.20B
181.68M
18.65%
59.69%
0.85%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States of America
NEW YORK

About L

loews corporation is a diversified company with three publicly-traded subsidiaries: cna financial corporation (nyse: cna), diamond offshore drilling, inc. (nyse: do) and boardwalk pipeline partners, lp (nyse: bwp); and one wholly owned subsidiary, loews hotels & resorts. for more information please visit www.loews.com. at loews, we don’t show movies, at least not anymore, and we can’t help with your home improvement needs – but we can offer you a distinctive opportunity to join one of the largest diversified companies in the world. as with any great company, our success is directly linked to the strength of our team. we work closely with our employees to create a progressive, informal and rewarding work environment in which they can thrive and succeed. our team of corporate employees perform a wide range of functions, working together to provide strategic direction and services to loews and our four subsidiaries. from accounting and audit to information technology and investment pr