Without revealing its hand too much, Loews Hotels today announced that Kirk Kinsell is out as CEO of the company and Jon Tisch will take back the duties, while remaining chairman and co-chairman of the board.
In a terse press release from the company, the company said Kinsell's departure was immediate and that his decision to resign was due to personal reasons.
“Loews Hotels has never been stronger. During Kirk’s tenure as CEO, there have been many positive changes at Loews Hotels, and we fully intend to build on that success. We’ve added top talent to our already strong bench, expanded our network of hotels, and continued to improve our operations and profitability,” Jon Tisch said in the statement.
“Loews Hotels will remain focused on opportunistically growing in key markets with our group hotels and resort destinations. The company, along with its team members and partners, is committed to providing the best experience for all of our guests."
Kinsell joined Loews as CEO in December 2014, replacing Paul Whetsell. Prior to Loews, Kinsell was president of the Americas for InterContinental Hotels Group.
The company owns and/or operates 25 hotels and resorts across the U.S. and Canada, including the newly-acquired Hotel 1000 in downtown Seattle that will be re-branded into a Loews Regency in 2017.