Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation, and KC Hotel Developers have entered into a partnership to build Loews Kansas City Convention Center Hotel.
The construction of this new hotel is expected to begin later this year and is slated for completion in early 2020.
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Loews Hotels is a joint equity partner in this venture.
KC Hotel Developers principal Mike Burke said: "We are excited to have Loews Hotels as our partner in every aspect of the KC Convention Hotel project.
"With their substantial equity investment and their management expertise, we have a complete alignment of interests in making sure the hotel is financed, built and operated successfully.
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“Loews is known for expertly operating large group hotels with four-star-plus quality that are tailored to the individual markets, for creating a great work environment for their employees and for being very involved in the communities where they operate.
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By GlobalData“We have been impressed by the commitment of Loews' senior management to Kansas City and to this partnership."
The Loews Kansas City Convention Center Hotel will feature 800 guestrooms, a lobby bar, restaurants, indoor pool and 60,000ft2 of meeting and event space.
Loews Hotels & Co chairman and CEO Jonathan Tisch said: "At Loews we carefully and deliberately choose which markets to enter and we are extremely pleased to have the opportunity to add to our Midwest footprint with the new Loews Kansas City Convention Center Hotel.
"Kansas City is a vibrant destination and we look forward to investing in and becoming an active part of the community."
The hotel is located close to some of the key attractions in the city including Kansas City Power & Light District, Sprint Center, KC Streetcar and the Kauffman Center for the Performing Arts.
The construction of the Loews Kansas City Convention Center Hotel is expected to create nearly 2,000 employment opportunities in Kansas City, including 1,400 construction jobs and more than 500 permanent jobs.
Image: Loews Kansas City Convention Center Hotel. photo: courtesy of Loews Hotels via PR Newswire Association LLC.
