Loews Hotels & Resorts Announce New Hotel With Partners At Universal Orlando Resort
Loews Sapphire Falls Resort To Open Summer 2016
Loews Hotels
Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L) and Universal Orlando Resort, today announced Loews Sapphire Falls Resort at Universal Orlando, opening in the summer of 2016.
Loews Sapphire Falls Resort, the fifth hotel in partnership with Loews Hotels & Resorts and Universal Orlando, will feature a colorful, Caribbean atmosphere along with 1,000 guestrooms and more than 131,000 square feet of meeting space.
The addition of Loews Sapphire Falls is part of Loews Hotels' goal to add substantially to its portfolio of hotels over the next few years. In July, the company announced two new acquisitions, Loews Minneapolis Hotel and Loews Chicago O'Hare Hotel. Additionally Loews Chicago Hotel, a 400-room new build hotel, located downtown, will debut in February 2015. The company continues to add properties in gateway cities and resort destinations.
The new hotel will be located between Cabana Bay Beach Resort, which opened in June 2014, and Loews Royal Pacific Resort. The hotel will surround a lush, tropical lagoon and towering waterfalls. An air-conditioned, covered bridge will connect Loews Sapphire Falls and Loews Royal Pacific. Together, the two resorts will have 272,000 square feet of combined meeting space, along with 2,000 rooms and suites.
"Our partnership with Universal is integral to our growth as we strategically expand Loews Hotels," said Paul Whetsell, President & CEO, Loews Hotels & Resorts. "Loews Sapphire Falls Resort will complement our four existing hotels as we increase the total number of guestrooms, and continue to strive to offer unique experiences for all guests, whether they are visiting Orlando for leisure or meetings."
Loews Sapphire Falls will become the destination's fifth on-site resort hotel and its 1,000 rooms, including 77 suites, will bring the number of rooms at Universal Orlando Resort to 5,200.