CHICAGO-Loews Corp. broke ground today on its new 400-room Loews Chicago Hotel that is being built as part of a 52-story mixed-use tower.

The Loews Chicago Hotel, which is being built near North Water Street and North Columbus Drive, one block north of the Chicago River and two blocks east of Michigan Avenue, will be part of a 52-story tower that will feature the hotel and 390 luxury residential apartments.

Jonathan M. Tisch, chairman of Loews Hotels & Resorts; Paul Whetsell, president and CEO of Loews Hotels & Resorts; Donald R. Wilson, Jr., founder and CEO of DRW Trading Group and Chicago Mayor Rahm Emanuel were among the dignitaries at the groundbreaking event.

Loews Chicago Hotel is being developed by DRW Trading and is designed by Solomon Cordwell Buenz. Along with 400 guestrooms, including 36 suites, the facility will feature a “signature” restaurant, more than 25,000 square feet of meeting space, multiple outdoor terraces, a spa/fitness center and an outdoor rooftop including a pool overlooking the city.

“Today marks a special day as we officially break ground on the Loews Chicago Hotel and become a member of this community,” stated Tisch. “This property, once completed, will be a wonderful addition to our portfolio and the Chicago skyline.”

“Even with Chicago's hotel occupancy at a record high last year, companies continue to build more hotel stock as more and more tourists, business travelers and conventions are flocking to Chicago,” Mayor Emanuel said. “I am pleased to see this hotel rise from the ground, creating hundreds of jobs, and setting up Chicago to continue its growth as one of the premiere destinations in the entire United States.”

Instant Insights /

Loews Breaks Ground on New Hotel in Chicago

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