Source: Loews
Loews Hotels

Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L), today announced that the company completed the purchase of the of the 398-room Loews Ventana Canyon Resort, which has been managed by Loews Hotels since its opening in December 1984. Tucson's Estes family will retain a minority ownership position in the resort.

Located in the Catalina Mountain range in the Sonoran Desert, Loews Ventana Canyon Resort has been highly regarded by locals, guests and meeting planners since its inception, receiving numerous awards and accolades. Beginning in 2015, the resort will undergo a significant renovation to enhance the overall guest experience and maintain its presence in the Tucson marketplace.

"Loews Ventana Canyon Resort was the first hotel I developed from start to finish when I returned to Loews Hotels in the early eighties," said Jonathan Tisch, Chairman, Loews Hotels & Resorts. "Conceptualized and built almost 30 years ago, the Estes Company and Loews Hotels created an iconic resort that is still very much a part of the Tucson landscape and a classic property within our brand. We look forward to containing the partnerships with the Estes family and the city of Tucson as we launch the next exciting phase of the resort."

Loews Hotels & Resorts continues to add properties in gateway cities and resort destinations. This summer the company announced the acquisitions of the Loews Minneapolis Hotel (formerly Graves 601 Hotel) and the Loews Chicago O'Hare Hotel (formerly InterContinental Chicago O'Hare Hotel.) In addition, the Loews Chicago Hotel, a 400-room new build hotel, located in downtown Chicago, will open in March 2015.

Loews Ventana Canyon Resort

The 398-guestroom Loews Ventana Canyon Resort in Tucson is a warm weather, nature lover's paradise that offers a little something for everyone. From our beautiful Window Walk nature trail and quick access to Ventana Trail and Sabino Canyon for hiking to our 80-foot natural waterfall, 36 holes of Tom Fazio golf and award-winning Lakeside Spa, guests can experience relaxation and adventure all in one place. Enjoy upscale, regional cuisine with a view at the Flying V Bar & Grill, or join us for one of our popular Beer Garden BBQ Dinners, Tequila Dinners or Blues, Brews & BBQ Brunch, which won the 2014 Open Table Diners' Choice Award for Top 100 Best Brunch Restaurants in America. In 2014 the resort was named one of the World's Best Hotels for Families by Travel & Leisure and the #1 Most Romantic Hotel in Tucson by USA Today.

About Loews Hotels

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 the new Loews Kansas City and the soon to open Universal's Endless Summer Resort - Dockside Inn and Suites, the eighth hotel in partnership with Comcast NBC Universal, which will open in Summer 2020. 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.

Sarah Murov
(212) 521-2495
Loews