Loews Hotels and Resorts is having a growth spurt. The company currently owns and/or operates 23 properties across the U.S. and Canada, including two new ones, the Loews Minneapolis Hotel, and the Loews Chicago O'Hare Hotel, along with the soon-to-open Loews Chicago Hotel (debuting downtown in March). The latest news is that Loews has made its first foray into San Francisco, with the announcement of the acquisition of the Mandarin Oriental located at 222 Sansome Street in the financial district.
As reported by Bloomberg Business, Loews “agreed to buy the Mandarin Oriental San Francisco Hotel ahead of a new phase of growth under its incoming chief executive officer.” The company has been keen to have a hotel in San Francisco for a long time, as it’s “a major gateway market and a very important location for Loews Hotels' core customer base," according to Paul Whetsell, current president and CEO of Loews Hotels & Resorts.
The Mandarin Oriental San Francisco Hotel has 158 guest rooms with views over San Francisco Bay from the top 11 floors of the city’s 3rd tallest building. The hotel has 5,000 square feet of meeting space and a spa and fitness center that spans 8,000 square feet.
