[Urbannizer]

Luxury hotel brand mulls Houston opening

Loews Hotels and Resorts owns a plot of land in Uptown that could one day occupy a Loews hotel, the brand's first in the Houston market, a Loews spokesperson told the Houston Business Journal.

Loews Hotels and Resorts, a subsidiary of New York-based Loews Corp. (NYSE: L), has "work underway to assess feasibility and concept for a hotel," the spokesperson said, adding that no decisions have been made. The land's specific location wasn't made available, and the spokesperson couldn't be reached for further comment. It's unclear how long Loews has owned the land.

A timeline on when Loews would develop a Houston hotel wasn't made available, but "Houston will be the first to know when the time comes," the spokesperson said. Loews has been interested in Houston since at least 2013, when the company's then-president and CEO Paul Whetsell said Loews was interested in entering the Houston market either through an acquisition or a new development, Hotel News Now reported.