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.

About Universal Orlando Resort

There are many choices for your Orlando meeting or event, but there is only one Universal Orlando Resort. With two theme parks, Universal Studios Florida and Universal's Islands of Adventure, four magnificently themed on-site hotels and a nighttime entertainment complex, Universal Orlando Resort offers a variety of amazing themed venues, unparalleled entertainment and award-winning catering, allowing groups to never settle for business as usual. The resort's 250,000 square feet of indoor, customizable meetings space and variety of unique outdoor event venues can accommodate groups ranging in size from 20 to 20,000. Visit www.uomeetingsandevents.com for more information or to plan a meeting or event. Universal Orlando Resort is part of NBCUniversal, a Comcast company. Follow Universal Orlando Resort on Facebook, Twitter, Instagram and YouTube.

About Loews Hotels

Headquartered in New York City, Loews Hotels & Co is rooted in deep heritage and excellence in service. The hospitality company encompasses branded independent Loews Hotels, and a solid mix of partner-brand hotels. Loews Hotels & Co owns and/or operates 26 hotels and resorts across the U.S. and Canada, including the new Loews Kansas City and the soon to open Universal's Endless Summer Resort - Dockside Inn and Suites, the eighth hotel in partnership with Comcast NBC Universal, which will open in Summer 2020. Located in major city centers and resort destinations from coast to coast, the Loews Hotels portfolio features properties grounded in family heritage and dedicated to delivering unscripted guest moments with a handcrafted approach. For reservations or more information about Loews Hotels, call 1-800-23-LOEWS or visit: www.loewshotels.com.