Loews tips

CoStar Group, the real-estate data giant, was hit last week with a consumer class action lawsuit alleging it enabled several hotel operators, such as Marriott and Hilton, to artificially boost their hotel rates.

Erik Grazetti appointed as Director of Sales & Marketing at The St. Regis Chicago, leading sales efforts at the luxury hotel.

During the final leg of A/W 2023 fashion week in Paris, it became apparent that sheer, skin-baring looks were dominating the runways. I started to think about the idea of ‘less is more’ while planning our spring/summer photo shoot—and knew that finding a location that matched this aesthetic would be key. Fashion is about storytelling, and Cape Verde, off the coast of West Africa, felt like the perfect fit with its unique topography: cinematic dunes, endless white sand beaches, and rich volcanic areas. I fell in love with the juxtaposition of the light clothes against these epic and otherworldly backdrops.

In full-year 2022, the Loews Hotels chain of 25 luxury properties generated $345 million in adjusted earnings before interest, taxes, depreciation, and amortization — a measure of profit — on revenue of $721 million, its parent company reported on Monday.

If you listen to the half-dozen largest, publicly held hotel groups based in the U.S. and Europe, you would think owning the hotels you run is a terrible strategy and that providing large hotels for conventions and group bookings is a bad idea. Yet Loews, a publicly held holding company, is happily pursuing both strategies in its hotel business.