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Loews Hotels Developing 400 room Resort
at Lake Las Vegas Resort

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June 2, 2005 - Lake Las Vegas Resort, a 3,592-acre residential, golf and resort community just minutes from the Las Vegas Strip, today announced that Loews Hotels will build its first hotel in Nevada at the billion-dollar resort. The new Loews Hotel, Loews Lake Las Vegas Resort, will become part of a successful resort community nestled around a 320-acre lake boasting three championship golf courses, multi-million dollar homes, high-end retail, award-winning restaurants, the AAA Five Diamond-rated The Ritz-Carlton, Lake Las Vegas and the AAA Four Diamond-rated Hyatt Regency Lake Las Vegas Resort, Spa and Casino.

The Loews Lake Las Vegas Resort will have an estimated 400 rooms with 40 suites and will feature 40,000 square feet of meeting space, two restaurants, a lobby bar, a pool bar, two outdoor pools with whirlpools, pool cabanas, a kids club, and a 20,000-square-foot destination spa, in addition to other resort amenities. The hotel will also feature a large exhibit center that all Lake Las Vegas Resort lodging properties can utilize to accommodate large meeting and conference groups.

"The Lake Las Vegas setting is perfect for Loews Hotels customers as it offers all the benefits of Las Vegas -- the convenience of an international airport and access to the world's entertainment capitol -- but completely removed and within Lake Las Vegas' relaxing, resort destination that offers indoor and outdoor activities and amenities conducive to both group business and leisure travelers," said Jack Adler, president of Loews Hotels. "Loews Hotels already has a strong presence in the Southwest region with destination resorts in Tucson, Coronado, and Santa Monica and we are excited to expand our brand into Nevada with Lake Las Vegas Resort as our partner."

Lake Las Vegas Resort's newest hotel will be located near Reflection Bay Golf Club, one of the resort's two signature Jack Nicklaus golf courses, and will feature white-sandy beaches, giving guests lakefront views and immediate access to boating, swimming and fishing activities.

Ground breaking on Loews Lake Las Vegas Resort is scheduled for 2006, with a grand opening slated for 2008. Hill Glazier Architects, Inc., has signed on as the architectural firm. In staying with the resort's theme, the Loews Lake Las Vegas Resort will feature Mediterranean architecture. "We have a long history with Loews Hotels, back to designing the Loews Ventana Canyon Resort in Tucson some 20 years ago, and it is an honor to be presented with the opportunity to work with Loews on the Lake Las Vegas Resort project," noted Robert Glazier, principal, Hill Glazier Architects, Inc.

"We are very pleased Loews Hotels has selected Lake Las Vegas Resort as the destination in which to open its first hotel in Nevada," said R.F. Boeddeker, president and chairman, Transcontinental Properties, Inc., Lake Las Vegas Resort's master developer. "Each Loews Hotels property emanates a warmth that even the most discerning traveler finds inviting, a characteristic for which their brand is well known, and that is one of the many reasons we are happy to introduce them as the resort's newest hotel. Both our corporations are committed to providing guests an unparalleled experience, as are all Lake Las Vegas Resort properties. The Loews property will complement and further diversify the resort's world-class accommodations and amenities."

Loews Hotels
Headquartered in New York City, Loews Hotels owns and/or operates 19 hotels and resorts in the U.S. and Canada. 

Lake Las Vegas Resort
Lake Las Vegas Resort is a premier residential and resort destination situated on a privately owned 320-acre lake located 17 miles from the Las Vegas Strip. Within the 3,592-acre master planned resort are exquisite residential offerings including custom home sites, waterfront and golf villas, resort condominiums and luxury executive homes. The Mediterranean-inspired destination also features world-class resorts, including the AAA Five Diamond- rated The Ritz-Carlton, Lake Las Vegas, the AAA Four Diamond-rated Hyatt Regency Lake Las Vegas Resort, Spa and Casino and MonteLago Village Resort, a collection of three challenging golf courses and a fourth course, designed by Tom Fazio, expected to soon break ground, pampering spas, elegant casinos, a full-service marina with watercraft rentals and yacht cruises and MonteLago Village, an enchanting enclave at the center of Lake Las Vegas Resort, offering water's edge restaurants and cafes, quaint boutiques and the 40,000- square-foot Casino MonteLago. 

Contact:

Emily Kanders Goldfischer
Loews Hotels
+1-212-521-2833
egoldfischer@loewshotels.com
http://www.loewshotels.com
http://www.lakelasvegas.com

Also See: Transcontinental Corporation Prepares for 2002 Opening of $170 million Ritz-Carlton, Lake Las Vegas Resort & Spa / Jan 2002
Cook Inlet Region Inc. Loses Money on Tourism Losses from the 500-room Hyatt Regency Lake Las Vegas Resort totaled $6.2 million in 2000 / June 2001


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