ST. LOUIS, Oct. 4, 2017 /PRNewswire/ -- Loews Hotels & Co, a wholly owned subsidiary of Loews Corporation (NYSE: L), announced today plans to build its first ever St. Louis hotel, which will be part of Ballpark Village's $260 million expansion project. Ballpark Village, developed by the St. Louis Cardinals and The Cordish Companies, is a mixed-use dining and entertainment district adjacent to Busch Stadium. The hotel will debut as Live! by Loews – St. Louis, MO, a partnership between Loews Hotels & Co., The Cordish Companies and the St. Louis Cardinals.
The Live! by Loews hotel concept was developed jointly by two of the most prominent and respected names in hospitality and entertainment: Loews Hotels & Co and The Cordish Companies. Loews Hotels & Co has been a leader in the hotel industry for more than sixty years, offering distinctive experiences to its guests, for business, group, leisure and family travelers. The Cordish Companies' Live! brand has set a new national standard in dining, hospitality and entertainment destinations, welcoming over 50 million visitors annually to its entertainment districts.
"Expanding the Live! by Loews name in St. Louis, with partners like The Cordish Companies, the DeWitt family and the St. Louis Cardinals, allows Loews the opportunity to add a unique and immersive hotel into our portfolio ," said Jonathan M. Tisch, Chairman & CEO, Loews Hotels & Co. "Cardinals fans are some of the most loyal and best in Major League Baseball, and we look forward to having a hotel in the epicenter of the already successful Ballpark Village."
The $65 million hotel will bring an upscale hospitality experience to downtown St. Louis. Located directly across from Busch Stadium at the intersection of Clark and 8th Streets, Live! by Loews – St. Louis, MO will be a celebration of the rich history of St. Louis, a spectacular destination for sports fans, families, and visitors, as well as a premier location for meetings and special events. The 8-story hotel tower is part of a dynamic plan to complete a full build-out of Clark Street, transforming it into one of the most unique city streets in all of professional sports.
"We are thrilled to partner with Loews Hotels & Co. on their first St. Louis hotel," stated Bill DeWitt III, President of the St. Louis Cardinals. "Live! by Loews – St. Louis, MO will be an incredible anchor for Ballpark Village and a tremendous step forward in fulfilling our vision of creating a world-class mixed-use destination next to Busch Stadium."
Designed by internationally-acclaimed HKS Architects Hospitality Studio, the exterior architecture and interior design will be influenced by local St. Louis character, including inspiration used for Busch Stadium. Live! by Loews – St. Louis, MO will feature:
"Loews Hotels & Co is one of the most respected names in hospitality," stated Blake Cordish, Vice President of The Cordish Companies. "We are extremely excited to welcome Loews to Ballpark Village and are thrilled to be growing Live! by Loews to another iconic sports anchored destination."
Live! by Loews – St. Louis, MO will become the second hotel to carry the Live! by Loews name. The first announced location, Live! by Loews – Arlington, TX, will open in the heart of the Arlington Entertainment District between the Texas Rangers' Globe Life Park and the Dallas Cowboys' AT&T Stadium. Live! by Loews – Arlington, TX will anchor the $250 million world-class Texas Live! dining, entertainment and hospitality destination being developed in partnership between The Cordish Companies, the Texas Rangers and the City of Arlington.
Over the past three years, Loews Hotels & Co has expanded its Midwest presence, with the additions of Loews Chicago, Loews Chicago O'Hare and Loews Minneapolis. Earlier this year Loews announced the 800-room, Loews Kansas City Convention Center Hotel, which will open in early 2020.
"We're excited to welcome Loews Hotels & Co to St. Louis," stated Mayor Lyda Krewson, City of St. Louis, MO. "Whether you're taking in a Cardinals game, here on business, or touring the city, we're confident the hospitality at Live! by Loews will provide visitors a great stay and be a wonderful addition to Ballpark Village."
The 550,000 square foot second phase of Ballpark Village being developed in partnership between the St. Louis Cardinals and The Cordish Companies will feature a 29-story luxury high-rise apartment tower, the first Class-A office building built in downtown St. Louis in nearly thirty years, an upscale, full-service Live! by Loews convention hotel, as well as additional retail and entertainment. Just as the first phase of Ballpark Village created more than 1,000 construction jobs and 1,700 permanent new jobs when it opened, the second phase of Ballpark Village stands to create 1,500 construction jobs and more than 1,000 permanent new jobs. Plans call for construction to get underway by the end of this year.
About Loews Hotels & Co. Established 1960
Headquartered in New York City, Loews Hotels & Co is a hospitality company rooted in deep heritage in the hotel industry and excellence in service. The hospitality group encompasses branded independent Loews Hotels, and a solid mix of partner-brand hotels. Loews Hotels & Co. owns and/or operates 24 hotels and resorts across the U.S. and Canada, including Bisha Hotel & Residences, Toronto's newest luxury hotel and the Loews Sapphire Falls Resort at Universal Orlando, the fifth hotel in partnership with Comcast NBC Universal. Located in major city centers and resort destinations from coast to coast, the Loews Hotels portfolio features properties grounded in family heritage and dedicated delivering unscripted guest moments all with a handcrafted approach. For reservations or more information about Loews Hotels, call 1-800-23-LOEWS or visit: www.loewshotels.com.
About The St. Louis Cardinals
The St. Louis Cardinals are one of the most storied franchises in all of baseball. Since joining the National League in 1892, the Cardinals have won more than 9,800 games, finished in first place 25 times winning 3 National League Eastern Division Titles, 10 National League Central Division Titles, 19 National League Pennants and 11 World Series Championships. There are 48 former Cardinals players, managers and executives enshrined in the National Baseball Hall of Fame in Cooperstown, New York. #STLCards
About The Cordish Companies
The Cordish Companies' origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Real Estate Development, Gaming & Hospitality, Entertainment Management and International Urban Planning & Development. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. Prime examples are The Cordish Companies' prominent role in the redevelopment of Baltimore's world famous Inner Harbor; Philadelphia, PA; Atlantic City, NJ; Charleston, SC; Houston, TX; Louisville, KY; Kansas City, MO and St. Louis, MO. In addition, The Cordish Companies has developed and operates multiple highly acclaimed entertainment destinations throughout the United States which welcome over 50 million visitors per year and are the most visited destinations in their respective regions. Over the generations, The Cordish Companies has remained true to the family's core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. For more information visit www.cordish.com or follow us on Twitter (@cordishco).
"The Cordish Companies," "The Cordish Company" and "Cordish" are trademarks used under license by independent corporations, legal liability companies and partnerships ("Cordish Entities"). Each Cordish Entity is a separate, single-purpose legal entity that is solely responsible for its obligations and liabilities. No common operations or financial interdependency, and no intermingling of assets or liabilities of the Cordish Entities exists, or should be deemed to exist, as a result of the potential common reference to multiple independent entities operating under the names "Cordish," "The Cordish Companies" or "The Cordish Company" here or elsewhere.
SOURCE Loews Hotels