From the Orlando Sentinel Online:
Loew's Hotels will soon start planning its fourth and fifth hotels at Universal Orlando, Jonathan Tisch, the New York lodging chain's chairman and chief executive officer, said last week.
Tisch said zoning for the two new properties on Universal land already has been approved.
"We're going to sit down with Universal in a few weeks and start planning what they will look like," he said.
Loew's opened its third hotel at Universal, Royal Pacific Resort, last month. Tisch said the 1,000-room hotel has been enjoying occupancy rates of 90 percent or more. "It's way ahead of what we expected," he said.
Loew's other two Universal hotels are Hard Rock Hotel and Portofino Bay. The Royal Pacific is the largest in Loew's 15-hotel chain.
How soon could Loew's next two hotels at Universal be built? Tisch declined to predict the timing but said: "We're optimistic. The tourism economy is recovering fast."
What's more, Loew's is in good financial shape to expand. "We have a lot of capital right now."
Loew's Hotels will soon start planning its fourth and fifth hotels at Universal Orlando, Jonathan Tisch, the New York lodging chain's chairman and chief executive officer, said last week.
Tisch said zoning for the two new properties on Universal land already has been approved.
"We're going to sit down with Universal in a few weeks and start planning what they will look like," he said.
Loew's opened its third hotel at Universal, Royal Pacific Resort, last month. Tisch said the 1,000-room hotel has been enjoying occupancy rates of 90 percent or more. "It's way ahead of what we expected," he said.
Loew's other two Universal hotels are Hard Rock Hotel and Portofino Bay. The Royal Pacific is the largest in Loew's 15-hotel chain.
How soon could Loew's next two hotels at Universal be built? Tisch declined to predict the timing but said: "We're optimistic. The tourism economy is recovering fast."
What's more, Loew's is in good financial shape to expand. "We have a lot of capital right now."