Loews Hotels to buy Seattle's Hotel 1000

Seattle's Hotel 1000 is being acquired by Loews Hotels & Resorts.

The 120-room hotel will continue to be operated as Hotel 1000, but will transfer into the Loews Regency brand next year.

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In 2014, Thayer Lodging Group and Provenance Hotels paid $62 million for the hotel. This sale set the region's record for per-room price of a hotel sold at $516,617 a key.