Loews Hotels & Co. has officially broken ground on the new $550 million USD Loews Arlington Hotel and Convention Center.
The new development will mark the second Arlington, Texas hotel for the company, adding 888 guestrooms and 266,000 square feet of function space.
“Loews Arlington Hotel and Convention Center will allow us to capitalize on what we do best – combine a unique meetings and events destination with a best-in-class leisure resort,” said Jonathan Tisch, chairman and CEO, Loews Hotels & Co. “This significant investment further underscores our confidence and commitment not only in the great City of Arlington, Texas but also in the strength of the travel and tourism industry and our belief in the recovery of post-pandemic travel.”
Scheduled to open in early 2024, the new hotel will be located across from Live! by Loews, which is a joint venture of Loews Hotels & Co., the Texas Rangers, and The Cordish Companies, built on the former Texas Rangers’ Lot J parking lot.
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
- 1,550-space parking garage
- Resort-style beach club with two pools, a man-made beach, cabanas, fire pits and water
- The Arlington Convention Center, also operated by Loews Hotels & Co., will be located within the hotel
“The addition of the Loews Arlington Hotel and the Arlington Convention Center bring the development of the Arlington Entertainment District to another whole level,” said Ray Davis, chairman and managing partner, Texas Rangers. “The existing world-class sports and entertainment venues will now be complemented by incredible hotel and meeting facilities that will attract national and international events of all kinds.”
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 by Loews Hotels & Co capital and a $300 million loan from MetLife Investment Management.