Loews Hotels & Co, a subsidiary of Loews Corp., has tapped Alex Tisch as the company’s president.
Tisch 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, the New York City Police Foundation and the Global Lyme Alliance. Previously, Tisch worked at Credit Suisse, arranging leveraged buyout financings along with handling merger and acquisition advisories. He also spent several years in the hedge fund industry and at the National Basketball Association focusing on business development. He previously served on the executive leadership team of Loews Hotels & Co. as chief commercial and development officer/EVP.
Tisch joined Loews Hotels & Co in June 2017 from Loews Corp., where he was a VP. Over the course of the last three years, he has led the creation and execution of the hotel company’s growth strategy, further strengthened the company’s partnership with Comcast NBC Universal in Orlando and developed a more agile, dynamic and data-driven approach for the organization’s commercial group.
Under his leadership, Tisch grew the company’s immersive destinations area of focus, which led to properties that are branded collaborations with built-in demand generators. In doing so, along with leveraging Loews Hotels & Co.’s expertise as an owner and operator, he has helped cultivate successful strategic partnerships with municipalities, developers, themed entertainment ventures, and sports franchises to create unique hotel offerings. That work has, in return, increased the Loews Hotels & Co footprint, with new development projects in Arlington, Texas; St. Louis and Kansas City, Mo.; and Orlando.
In his new role, Tisch will work closely with Jonathan Tisch, chairman/CEO of Loews Hotels & Co, along with the executive leadership team in developing and executing the company’s strategy, managing capital and resource allocation, and overseeing general operational effectiveness. Tisch will continue to lead the commercial, acquisitions & development, and the Loews Hotels at Universal Orlando Resort teams.
“As I think about the future of our organization and its leadership, it is the right time for Alex Tisch to assume the role of president of Loews Hotels & Co.,” said Jonathan Tisch. “His steady demeanor has added reassurance and confidence to our team members, partners and guests during a difficult time in our industry. Over the last three years, Alex has helped shaped the future development and growth of our company. His judgement, thoughtfulness, analytic ability, strategic focus and congenial manner have served his teams and our company extremely well.”
“Being able to continue to shape the growth of Loews Hotels & Co., a company that my family began over 70 years ago, is remarkably rewarding,” said Alex Tisch. “Loews Hotels is fortunate to have some of the greatest team members in the industry, and when combined with our strong reputation and differentiated strategy of being an owner and operator, we have a tremendous opportunity to create value for our parent company and shareholders while providing a rewarding work environment for our team members and memorable experiences for our guests. Together, with the terrific team in place, I know the Loews culture will remain front and center as we navigate these challenging times and build toward a brighter future.”