Loews Plans $500M-plus Hotel Redevelopment in Arlington Texas

Loews Hotels is doubling down on Arlington’s entertainment district, unveiling plans for a third hotel that would replace the aging Sheraton near Globe Life Field with a sprawling, high-end convention property.

The New York-based hotelier plans to build the 507-room Americana by Loews Hotels at 1300 Ballpark Way, tearing down the existing 311-room Sheraton Arlington Hotel that dates to the late 1980s, the Dallas Morning News reported. The project will include 39 suites and more than 83,000 square feet of meeting and event space, capped by a 10,000-square-foot event barn.

The Sheraton is slated for implosion in early June, with construction on the new hotel expected to begin later this summer. Loews projects an opening in late 2028 or early 2029. Total investment is expected to exceed $500 million, Loews Hotels President and CEO Alex Tisch told the outlet.

The project is designed to capitalize on growing demand for hotel rooms and large-scale meeting space in Arlington, which has increasingly positioned itself as a meetings and events hub — not just a game-day destination. Tisch said proximity to Dallas, Fort Worth and DFW International Airport has helped lure corporate events, including from Fortune 500 companies.

“We bought the Sheraton property thinking that there may be a greater opportunity in the future,” Tisch told the publication, calling the site one of the last major development opportunities in the district.

The redevelopment will free up roughly 13 acres. A new parking garage will serve the hotel and surrounding venues, though only about half the land is slated for the hotel and garage. The remaining acreage is unprogrammed for now, though Tisch said the company has zoning and financing flexibility for future development.

The city of Arlington is backing the project through a public-private partnership approved by City Council in late 2023. The city is expected to contribute $40 million toward development costs and provide more than $57 million in grants over 25 years if performance benchmarks are met, according to the outlet. Loews will front the initial capital.

Americana by Loews takes its name from the late, iconic Americana Hotel in Bal Harbour, Florida, a Loews landmark that opened in 1956.

The site sits less than a mile from Loews’ recently opened Arlington Hotel & Convention Center, an 888-room property that opened in early 2024 between Globe Life Field and Choctaw Stadium. Loews also opened the $150 million, 300-room Live! by Loews Hotel in 2019.

When complete, Loews’ Arlington campus will total nearly 1,700 rooms and more than 374,000 square feet of meeting space.

— Eric Weilbacher