Loews Hotels Acquires Sheraton Arlington Hotel In Arlington For Expansion

The Sheraton Arlington Hotel, located at 1500 Convention Center Drive in Arlington, has been sold in a transaction. With a total of 311 keys, this hotel serves as part of Arlington's growing entertainment district. The property was acquired by Loews Hotels, a prominent player in the hotel industry. The purchase of the Sheraton Arlington Hotel is in line with Loews Hotels' larger $550 million hotel project near the Dallas Cowboys and Texas Rangers stadiums. This acquisition marks a significant milestone for Loews Hotels as it expands its presence in the area. The new Loews Arlington Hotel and Convention Center is set to open in February 2024.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: Not specified
• Address: 1500 Convention Center Drive, Arlington
• Market: Arlington
• Buyer: Loews Hotels - Alex Tisch
• Keys: 311

Loews Hotels, represented by Alex Tisch, has been actively involved in the hotel project near the Dallas Cowboys and Texas Rangers stadiums. The acquisition of the Sheraton Arlington Hotel further strengthens Loews Hotels' market presence in Arlington's entertainment district. This strategic move allows Loews Hotels to expand its offerings and capitalize on the growing potential in the area.