Loews keeps it in the family for swap at the top
Pictured: Alex Tisch.
US-based Loews Hotels & Co, a subsidiary of Loews Corporation, is reshuffling its leadership team.
Alex Tisch will assume the role of CEO, effective 1 January 2023, taking over from his cousin Jonathan Tisch.
In his new role, Alex will continue to work closely with Jonathan, who will become executive chairman, while remaining a member of the office of the president and co-chairman of the board of Loews Corporation.
As president and CEO, Alex will oversee the day-to-day operations of the company, as well as the development and execution of the organisation’s strategy and the management of capital and resource allocation.
He first joined Loews Hotels & Co in June 2017 and in September 2020 he took on the role of president. As president, Alex created a more aligned and data-driven approach to commercial disciplines such as sales, revenue and e-commerce. He re-structured the leadership within the human resources function, while also strengthening and enhancing the partnership with Comcast NBC Universal, where Loews Hotels & Co has a joint venture in eight hotels located in Orlando, Florida.
Alex is a graduate of the University of Pennsylvania and received his MBA from the NYU Stern School of Business. He sits on the board of directors of the American Hotel & Lodging Association (AHLA), The National Medal of Honor Museum, Moda Operandi and the New York City Police Foundation.
Over the course of the past five years the company feels he has been an integral part of the creation and execution of its strategic plan, leading a $2.5 billion dollar re-defined growth strategy and expansion, honing in on Loews’ leverage of being an owner, operator and developer of hotels.
The revitalised approach focuses on core Loews opportunities and immersive destinations, which are branded collaborations with built in demand generators. Alex oversaw the additions to the portfolio of Live! by Loews – Arlington, TX in 2019, Live! by Loews – St. Louis, MO in 2020, Universal’s Endless Summer Resort, in 2020 and Loews Kansas City, in 2020. Loews Hotels & Co has two additional developments underway, the imminently opening Loews Coral Gables and the 888-room Loews Arlington Hotel, scheduled for Q1 2024.
Jonathan Tisch, current chairman and CEO, Loews Hotels & Co, said: “Since joining Loews Hotels & Co, Alex has not only brought a strong strategic lens to the acquisitions and development and commercial disciplines, but also cultivated successful strategic partnerships internally and externally. As we look ahead, under Alex’s leadership and direction, Loews Hotels & Co will continue to be a leader within the industry and strive to be an employer of choice amongst our team members.”
Alex himself added: “Loews Hotels & Co has a storied reputation in the travel and tourism industry, rooted in partnerships, operational excellence and best in class team members. My goal is to build on that reputation, leverage the owner/operator model, empower our world-class team members and create value for all stakeholders.”
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