Loews Hotels & Resorts plans to debut its first Chicago hotel in a 52-story tower building scheduled to open in January 2015. Loews Chicago will be located near North Michigan Avenue and the Chicago River and will feature 390 luxury condominiums, 400 hotel rooms, 25,000 square feet of meeting space and a rooftop pool. In 2012, Loews acquired the Madison Hotel in Washington, D.C., and the 632-room Renaissance Hotel & Spa in Hollywood, Calif. Earlier this month, the company announced its 1,800-room Cabana Bay Beach Resort will open at Universal Orlando, Fla., in 2014. Loews plans to nearly double its hotel count by the next three to five years and develop properties in Boston, San Francisco, New York, Dallas, Toronto and Seattle.
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