Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation, has officially broken ground on the new $550 million Loews Arlington Hotel and Convention Center. Executives from the company were joined last month by Arlington Mayor Jim Ross, former Mayor Jeff Williams, Chairman & Managing Partner of the Texas Rangers Ray Davis, The Cordish Companies’ Director of Communications, Cari Furman, along with members of the Arlington City Council and other community and business leaders, to recognize and celebrate this milestone.
The addition of the Loews Arlington Hotel and Convention Center, a full-service resort, will further strengthen Arlington’s robust convention and tourism opportunities. The city is one of the premier sports and entertainment destinations in the United States, and a leading destination for meetings, events, and leisure travel.
This property will be the second Arlington hotel for the hospitality company. Loews Arlington Hotel and Convention Center is scheduled to open in early 2024. This new hotel will be located across from Live! by Loews, which is a joint venture among Loews Hotels & Co, the Texas Rangers and The Cordish Companies, built on the former Texas Rangers’ Lot J parking lot.
This new project marks the first time that Loews Hotels & Co is acting as the developer as well as the owner and branded operator. The nearly $550 million project is financed with Loews Hotels & Co capital and a $300 million loan from MetLife Investment Management.
“Arlington continues to build on our incredible economic momentum, and today’s groundbreaking is another exciting example of our commitment to job creation and providing world-class amenities to our residents and visitors,” says Mayor Jim Ross. “Loews Hotels & Co is a best-in-class hotel brand and with innovative partners like Loews Hotels & Co, the Tisch Family, the Texas Rangers and The Cordish Companies, we’re able to further establish The American Dream City as a premier destination for visitors around the globe.”
Loews Arlington Hotel and Convention Center will feature: 888 guestrooms and suites; 200,000 square feet of indoor meeting space; 66,000 square feet of outdoor space, including an oversized event lawn; Five food and beverage outlets, including a three-meal indoor/outdoor restaurant featuring two wood-fire pizza ovens and homemade pasta made on-site and a soon-to-be-named third-party restaurant from a well-known restaurateur; a 1,550-space parking garage; a resort-style beach club with two pools, a man-made beach, cabanas, fire pits and a water slide.
The Arlington Convention Center, also operated by Loews Hotels & Co, will be located within the hotel. Situated between Globe Life Field and AT&T Stadium, Loews Arlington Hotel and Convention Center will be accessible to the 300-room Live! by Loews via a Sky Bridge. The two hotels combined will offer nearly 1,200 guestrooms and more than 300,000 square feet of meeting and event space.
