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Loews To Acquire First Hotel Under Plan To Double In Size

Upscale Brand Expects to Fill "Distribution Gaps" in Major North American Gateway Cities, Such as Boston, Chicago, San Francisco, Washington, D.C., New York, Dallas, Toronto and Seattle

Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corp., has agreed to acquire the 632-room Renaissance Hotel & Spa in Hollywood, CA from CIM Group. The hotel has 632 guestrooms, including 32 suites, as well as over 48,000 square feet of meeting space.

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