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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
Lake Las Vegas Resort
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| Contact:
Emily Kanders Goldfischer
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