News - August 3, 2017

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Loews deal with KC convention hotel developers was kept quiet until Wednesday

8.3.17

Kansas City Manager Troy Schulte received a brief letter May 24 from KC Hotel Developers, the entity managing development of the planned downtown convention center hotel.

In the letter was a clue that Hyatt might not stay in the role announced two years ago as the expected operator of the hotel.

But the Kansas City Council didn’t know that on June 8 when it voted 11–2 to accelerate the effective approval date for the hotel development plan.

On Wednesday, council members learned along with the public that Hyatt indeed was out. Loews Hotels & Co. and KC Hotel Developers had signed an agreement for Loews to be an equity partner and operate the intended 800-room hotel.

http://www.kansascity.com/news/business/development/article157692384.html