Loews buys hotel next to $550M, 900-key it is building in Arlington

The corporation purchased the Sheraton Arlington Hotel, about a mile away, where it plans to build another hotel and a parking garage, Arlington Mayor Jim Ross confirmed.

Three years after the Texas Rangers opened Globe Life Field in Arlington, surrounding development is taking shape with the Live! by Loews hotel, a luxury apartment complex and unique office offerings, along with retail and entertainment.

Arlington’s hotel market fell short of demand when AT&T Stadium hosted the Super Bowl in 2011. The suburb of nearly 400,000 held limited luxury offerings, and hotels in Dallas and Fort Worth housed most of the visitors, who had to commute to the game.

The landscape has evolved since then, and Loews Arlington Hotel and Arlington Convention Center opens next year in this burgeoning $4 billion entertainment district simply called The District.

Construction started in 2021 on the Loews Arlington, which will feature a man-made beach, two pools and five restaurants anchored by Houston-based restaurateur Benjamin Berg’s Soy Cowboy.

“People there to spend a night in either of the stadiums are going to want to spend a night or a day or two in the hotel just experiencing the cutting edge food and beverage that will be unique to the destination and the Arlington district,” said Alex Tisch, president and CEO of Loews Hotels.

The hotel and convention center will open Feb. 15, and conferences have been booked through 2029, Tisch said. The hotel has booked 150,000 room nights with five months to go before its opening, Bisnow reported.

A sky bridge will connect the Loews Arlington Hotel and Arlington Convention Center to Live! By Loews, a $150 million, 300-room hotel that opened in 2019. Both are 4-star hotels and the result of a partnership between Loews and the Texas Rangers. The success of Live! by Loews has proven the demand for lodging and conference space, Tisch said.

“Every time either of the stadiums are filled, we’re pretty full,” he said. “And most days the stadiums are empty, we have big conferences in the hotel.”

Aside from AT&T Stadium and Globe Life Field, there is Choctaw Stadium, the Rangers’ former playing field that now houses the North Texas Soccer Club and the Dallas Jackals rugby team.