Loading...
Loading...
Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation
L, today announced that the company has entered into an agreement to purchase
the iconic, 356-room Madison Hotel in the heart of Washington, D.C. from
Jamestown Properties. The acquisition closes in January, 2013.
The Madison marks the second major hotel purchase announced by Loews Hotels
this year, as part of the goal to add substantially to its portfolio of hotels
over the next five years. The hotel company continues to aggressively seek
hotel additions in gateway cities and resort destinations and expects to
announce additional new Loews properties in the coming months.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in