Loews Hotels & Resorts Completes Acquisition and Rebranding of The Back Bay Hotel in Boston; The 225-room Property will Undergo an $8 Million Renovation / February 2013

NEW YORK, NY (February 12, 2013) — Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L), today announced that the company completed the acquisition of the 225-room Back Bay Hotel in Boston. Located at the corner of Berkeley and Stuart Streets, the former Doyle Collection property has immediately been converted to the Loews Hotels brand. Loews Hotels plans an approximate $8 million renovation scheduled to begin in the fall.

“The Loews Boston Back Bay Hotel is a distinctive property,” said Paul Whetsell, President and CEO of Loews Hotels & Resorts. “Built in the 1920s, this historic hotel was the former headquarters of the Boston Police Department. The property is in great physical condition, with the renovation targeted to further enhance the guest experience.”

Loews Hotels & Resorts recently acquired and converted the iconic 356-room Madison Hotel in the heart of Washington, D.C. to the Loews Madison Hotel and has two properties under construction in Orlando and Chicago. This expansion underscores the company’s strategy to add to its portfolio in gateway cities and key resort destinations over the next five years.

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

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Also See:	Loews Hotels & Resorts to Purchase The Back Bay Hotel in Boston from The Doyle Collection; The Acquisition of the 225-room Hotel is Expected to Close in February 2013 / January 2013
	Loews Hotels & Resorts and DRW Trading Group Begin Developement of the 400-room Loews Chicago Hotel; A January 2015 Opening is Planned / January 2013
	Loews Hotels & Resorts and Universal Parks & Resorts Break Ground on Universal’s Cabana Bay Beach Resort; A 2014 Opening is Planned for the 900-key Property within the Universal Orlando Resort in Florida / January 2013
	Loews Hotels & Resorts and MetLife Form Joint Venture in the Ownership of the 632-room Loews Hollywood Hotel in Los Angeles, California / December 2012
	Loews Hotels & Resorts to Purchase the 356-room Madison Hotel in Washington, D.C. from Jamestown Properties; The Acquisition Closes in January 2013 / December 2012
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