Articles tagged “loews”

CoStar Group faces a consumer class action lawsuit alleging it conspired with luxury hotel operators like Marriott and Hilton to boost room rates artificially.

Soon, two out of every three rooms in the Loews Hotels chain will be in either Texas or Florida.

While other hotel groups shed assets, Loews keeps buying more. While others shy from convention businesses, Loews bets on big groups. When everyone is going one way, it opens up an opportunity for others to exploit contrarian paths.

In full-year 2022, the Loews Hotels chain of 25 luxury properties generated $345 million in adjusted earnings before interest, taxes, depreciation, and amortization — a measure of profit — on…

Loews Corporation said that on January 1 CEO Alex Tisch would become president and CEO of its chain of 25 luxury properties, Loews Hotels — succeeding his cousin once removed…

This general manager of an iconic Times Square property experienced turbulent times in Turkey, and tempers expectations of a quick recovery for New York.

It'll be interesting to see what works better for relatively smaller hotel companies like Loews, Red Lion, and even Hyatt with each of their respectively divergent business strategies: traditional asset ownership; totally asset-light; and asset recycling.

Hotel CEOs realize that if tourism to the U.S. drops, it could have a significant adverse impact not only on their own businesses but the industry, and the economy, as a whole.

There was a sense of camaraderie among the hotel industry leaders on the panel despite the intense competition for more heads in beds.

The joy of giving and receiving was appreciated by hotel brands and fans.