Hotel Online
News for the Hospitality Executive


advertisement




Loews Hotels & Resorts to Purchase the 356-room Madison Hotel
in Washington, D.C. from Jamestown Properties

The Acquisition Closes in January 2013


NEW YORK (December 3, 2012) — Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L), today announced that the company has entered into an agreement to purchase the iconic, 356-room Madison Hotel in the heart of Washington, D.C. from Jamestown Properties. The acquisition closes in January, 2013.

The Madison marks the second major hotel purchase announced by Loews Hotels this year, as part of the goal to add substantially to its portfolio of hotels over the next five years. The hotel company continues to aggressively seek hotel additions in gateway cities and resort destinations and expects to announce additional new Loews properties in the coming months.

“The Madison completed a dramatic $23 million renovation in 2012,” said Paul Whetsell, president & CEO, Loews Hotels & Resorts. “We expect that the hotel’s quality, coupled with the addition of the Loews brand, will give us a strong competitive position in the D.C. market.”

“During our ownership, we were struck by the quality and professionalism of the staff at the Madison, and are proud that its reputation for excellence remains in-tact,” said Michael Phillips, chief operating officer for Jamestown. “We are confident that the property will continue to flourish under the Loews flag once again.”

Located at 15th and M Street, the hotel is a short walk to the White House, Embassy Row, the Capital, the National Mall and Smithsonian Museums.  Attracting an estimated 18 million visitors in 2012, Washington ranks among the top seven U.S. cities for international travelers and among the top 20 domestically.

The Madison is home to one of the District’s top restaurants, the Federalist, with a focus on Mid-Atlantic culinary traditions. PostScript Bar and Lounge, a new local favorite, features artisan pastries, panini and barista specialties, along with hand-crafted cocktails, small-batch whiskeys, scotches, vodkas and world-class wines.

The hotel will cater to mid-sized business groups and elite social events that focus on high levels of personal service.  The hotel provides more than 12,000 square feet of state-of-the-art meeting and event space in 12 distinct settings, including the 3,300-square-foot ballroom with seating capacity of up to 400 people.

About Loews Hotels & Resorts
Headquartered in New York City, Loews Hotels & Resorts owns and/or operates 18 hotels and resorts in the U.S. and Canada including the Loews Hollywood Hotel located adjacent to the Hollywood & Highland Center. The hotel features 632 guestrooms, including 113 suites and over 120,000-square-feet of meeting space.  Located in major city centers and resort destinations in North America 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 about Loews Hotels & Resorts, call 1-800-23-LOEWS or visit: www.loewshotels.com

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

Contact:

Lark-Marie Antón / Sarah Murov
Loews Hotels & Resorts
(212) 521-2779 / (212) 521-2495
lanton@loewshotels.com / smurov@loewshotels.com

Jerry Daly / Chris Daly
Daly Gray Public Relations
(703) 435-6293
jerry@dalygray.com / chris@dalygray.com


.
Receive Your Hospitality Industry Headlines via Email for Free! Subscribe Here 

To Learn More About Your News Being Published on Hotel-Online Inquire Here
 
Also See: Loews Hotels & Resorts Promotes David Wiener to Senior Vice President, Sales / November 2012

Jonathan M. Tisch, Chairman of Loews Hotels & Resorts, Calls on Policy Leaders to “Rise to the Challenge” and Build World-Class U.S. Infrastructure / October 2012

Loews Hotels & Resorts, Through Coordinated Effort With U.S. Department Of Homeland Security, Becomes First Brand to Offer Complimentary Enrollment to Global Entry and TSA PreCheck™ Program for its Elite Loyalty Members / September 2012

Universal Parks & Resorts and Loews Hotels & Resorts to Build On-Site Hotel Development at Universal Orlando; Scheduled for a 2014 Opening, The Cabana Bay Beach Resort will Include 900 Family Suites and 900 Standard Guest Rooms / July 2012

Loews Hotels & Resorts to Acquire the 632-room Renaissance Hotel & Spa in Hollywood, California from CIM Group; To Rebrand as the Loews Hollywood Hotel and Begin $26 Million Renovation in Late 2012 with Completion in Summer 2013 / June 2012

Shawn Hauver Named Vice President of Operations for Loews Hotels & Resorts / May 2012

Mark L. Ching Appointed as Executive Chef for the 440-room Loews Coronado Bay in San Diego, California / April 2012

Loews Coronado Bay in San Diego, California Appoints John Annicchiarico as Director of Marketing and Javaud Mushtaq as Director of Sales / April 2011

Loews Hotels Names Lark-Marie Antón as Vice President of Public Relations / January 2011

Loews Hotels Appoints Troy Furbay as Executive Vice President of Acquisitions & Developments / November 2010

Loews Hotels Appoints Debbie Castillo to Vice President of Hotel Sales / July 2010

Loews Santa Monica Beach Hotel Promotes Penny Vacanti to National Sales Manager / February 2009

Debi L. Besmer Named Director of Marketing at Loews Coronado Bay Resort / March 2005

Loews Hotels the Winning Bidder at a Court-Ordered Auction for the 440-room Loews Coronado Bay Resort / Dec 1999
.

To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch

Home | Welcome| Hospitality News
| Industry Resources

Please contact Hotel.Online with your comments and suggestions.