Headquartered in New York City, Loews Hotels Resorts owns and/or operates 18 hotels and resorts in t

NEW YORK (December 3, 2012) — Loews Hotels Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: atlantic city hotels and casinos L) today announced that the company has entered into an agreement to purchase the iconic, 356-room Madison Hotel in the heart of Washington, D.C. from Jamestown Properties. The acquisition closes in January, 2013.
The Madison marks the second major hotel purchase announced by Loews Hotels this year, as part of the goal to add substantially to its portfolio of hotels over the next five years. The hotel company atlantic city hotels and casinos continues to aggressively seek hotel additions in gateway cities atlantic city hotels and casinos and resort destinations and expects to announce additional new Loews properties in the coming months.
"The Madison completed a dramatic $23 million renovation in 2012," said Paul Whetsell, president CEO, Loews Hotels Resorts. "We expect that the hotel's quality, coupled with the addition of the Loews brand, will give us a strong competitive position in the D.C. market."
"During our ownership, we were struck atlantic city hotels and casinos by the quality and professionalism of the staff at the Madison, and are proud that its reputation for excellence remains in-tact," said Michael atlantic city hotels and casinos Phillips, chief operating officer for Jamestown. "We are confident that the property will continue to flourish under the Loews flag once again."
Located at 15 th and M Street, the hotel is a short walk to the White House, Embassy Row, the Capital, atlantic city hotels and casinos the National Mall and Smithsonian Museums.  Attracting an estimated 18 million visitors in 2012, Washington ranks among the top seven U.S. cities for international travelers and among the top 20 domestically.
atlantic city hotels and casinos The Madison atlantic city hotels and casinos is home to one of the District's top restaurants, the Federalist, with a focus on Mid-Atlantic culinary traditions. PostScript Bar and Lounge, a new local favorite, features artisan atlantic city hotels and casinos pastries, panini and barista specialties, along with hand-crafted cocktails, small-batch whiskeys, scotches, vodkas and world-class wines.
The hotel will cater to mid-sized business groups and elite social events that focus on high levels of personal atlantic city hotels and casinos service.  The hotel provides more than 12,000 square feet of state-of-the-art meeting and event space in 12 distinct settings, including the 3,300-square-foot ballroom with seating capacity of up to 400 people.
Headquartered in New York City, Loews Hotels Resorts owns and/or operates 18 hotels and resorts in the U.S. and Canada including the Loews Hollywood Hotel located adjacent to the Hollywood Highland Center. The hotel features 632 guestrooms, including 113 suites and over 120,000-square-feet of meeting space. Located in major city centers and resort destinations in North America from coast to coast, the Loews portfolio features one-of-a-kind properties that go beyond Four Diamond standards to delight guests with a supremely comfortable, uniquely local and vibrant travel experience. For reservations or more information about Loews Hotels Resorts, call 1-800-23-LOEWS or visit: www.loewshotels.com.