Loews Hotels & Resorts has completed the acquisition of the 255-room Graves 601 Hotel Wyndham Grand. Located at the center of the business, theatre and entertainment districts in the heart of downtown Minneapolis, the former Graves Hospitality property has immediately been converted to the Loews Hotels brand. Loews Hotels plans an approximate $7 million renovation scheduled to begin in early 2015.
This addition is part of Loews Hotels & Resorts expanding their footprint in the Midwest. Loews recently announced the purchase of the 556-room InterContinental Chicago O’Hare Hotel, expected to close at the end of the month, along with the addition of Loews Chicago, a 400-room new build hotel, located downtown which will open in February 2015. Loews Hotels continues to add properties in gateway cities and resort destinations.