Loews Hotels & Resorts has entered into an agreement to purchase the 556-room InterContinental Chicago O’Hare Hotel. The acquisition is expected to close in late July.
Located less than two miles from O’Hare Airport and 13 miles from downtown Chicago, the InterContinental Chicago O’Hare is across the street from the Donald E. Stephen’s Convention Center, adjacent to the just-opened Fashion Outlets of Chicago and a couple blocks from the Rosemont Entertainment district. The hotel has three restaurants and bars, more than 54,000 square feet of meeting and event space, and a curated art gallery.”
The InterContinental Chicago O’Hare will be the second hotel for Loews in the Chicago area and the third new hotel in the US Midwest. Earlier this month, the company announced an agreement to purchase the Graves 601 Hotel in Minneapolis. Loews Chicago, a 400-room new build hotel, located downtown, will debut in February 2015.
“Loews Hotels has a strong reputation in the group meetings and conventions market and is known for delivering excellent customer service to our hotels,” said Paul Whetsell, president and CEO, Loews Hotels & Resorts. “We look forward to bringing that expertise and stellar service to guests and meeting attendees visiting this hotel.”