Loews Hotels & Co., The Cordish Companies, and the Texas Rangers
Loews, Texas Rangers announce 'flagship' hotel for Texas Live
Filed under Hotels at May 2017
Karen Robinson-Jacobs, Real Estate Reporter
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Loews Hotels & Co., The Cordish Companies and the Texas Rangers on Thursday announced plans for a $150 million flagship hotel and convention center in the Texas Live development called Live! by Loews - Arlington, TX.
The 302-room hotel will be one of the most dominant features of Texas Live!, the $250 million dining, entertainment and hospitality destination being developed in partnership with The Cordish Companies, the Rangers and the city.
Texas Live! developer had success in Baltimore, KC, but Arlington is a different ballgame
Texas Live! is part of the broader Arlington Entertainment District that includes the Rangers' new $1 billion ballpark and preservation of Globe Life Park.
The dining and entertainment space in the district will open in 2018, with Live! by Loews scheduled to open in 2019.
Located between Globe Life Park and the Dallas Cowboys' AT&T Stadium, the project is described as a "resort-style destination for sports fans, visitors, and families, as well as a spectacular location for meetings, special events and conventions."
"What makes this property so unique is its location," Jonathan Tisch, chairman and chief executive of Loews Hotels & Co., said in an interview with The Dallas Morning News. "Its proximity to Dallas and Fort Worth and DFW [International Airport] and what the [Jerry] Jones family has created, and in the heart of what will be developed at Texas Live!
"We like opportunities where there are entertainment components, where there are reasons that people come to a destination other than just a typical hotel."
The project will operate as one of about 10 Loews hotel joint ventures. Most are in Florida, the company's largest market. This deal is a 50/50 partnership between Loews and the Cordish family, Tisch said.
The announcement marks the return of the Loews brand to the Texas hospitality landscape for the first time since 1995. The last Loews here was the Anatole, which now flies the Hilton flag.
"Over the past 22 years, we have looked at a variety of options but really haven't found a property that we felt represented the Loews flag until now," he said. "And we have looked at all the great cities in Texas, certainly with Dallas being at the top of the list."
Designed by internationally-known HKS Architects, the 14-story glass tower will feature 300-plus upscale guestrooms, including 26 suites, with floor-to-ceiling glass windows that show expansive views of the entertainment district from each room.
The tower will feature several resort-style spaces and amenities including:
— Tower Terrace and Event Lawn: Located within a 40-foot-tall by 60-foot-wide veranda-style cutout through the hotel tower, the Tower Terrace overlooks a multi-use Event Lawn suitable for weddings, special events and community gatherings with views of the entertainment district. The lawn also features an LED screen for sports viewing, movies and concerts.
— Outdoor Infinity Edge Pool: Located adjacent to the Tower Terrace and the Event Lawn. Guests will see the same views of the entertainment district from the pool area. The resort-style pool area will feature two bars, including a swim-up bar, rentable private cabanas, a lounge space and a fire pit.
— Rooftop Terrace private event space: With views of the Dallas and Fort Worth skylines and Arlington entertainment district, the Rooftop Terrace will feature several private event rooms, as well as a central main space for private functions and events.
The hotel will have a brewery operated by the team behind Granbury-based Revolver Brewing and a separate three-meals-a-day restaurant.
Revolver Brewing to open second location at Texas Rangers' new entertainment district
Tisch said he expects construction of the hotel to begin within the next few months and he hopes to be open by the baseball season of 2019.
The project also will include the Grand Event Center. The two-story, 35,000-square-foot center will feature a glass facade with views of the entertainment district.
The meeting, event and convention space will include a Grand Ballroom with banquet seating capability up to 1,500; an executive boardroom with five additional breakout meeting rooms; flexible pre-function space; and a 1,500-square-foot outdoor terrace overlooking Johnson Creek and the entertainment district.
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