12/10/2024 | Press release | Distributed by Public on 12/10/2024 18:32
Click here for conceptual project renderings.
The Port of San Diego Board of Port Commissioners has authorized staff to begin environmental review for a significant renovation proposed by Loews Coronado Bay Resort. At their December 10, 2024 meeting, the Board received a presentation about the project from the Loews Hotels & Co team.
Loews Hotels & Co operates the 440-room resort and 80-slip marina located on Coronado Bay Road in Coronado. Existing amenities include a restaurant, bars, event and meeting spaces including a temporary event tent, a full-service spa, fitness center, heated outdoor swimming pools, tennis courts, a marina, and water equipment rentals.
The hospitality company is proposing to transform and reposition the property into a modernized luxury resort destination. The project includes updating guest rooms and amenities, enhancing the landscaping and outdoor recreation areas, and replacing the temporary event tent structure with an improved permanent event space. Public access improvements include a new pedestrian promenade along the bayfront shoreline with spectacular views toward downtown San Diego and the Chula Vista Bayfront. The project does not propose to add any new hotel rooms or include any work to the marina, and it does not propose any development or improvements beyond Loews Hotels' existing leasehold. Loews Hotels anticipates a total investment of over $220 million into the project.
"This is the kind of commitment we like to see from our visitor-serving tenants - reinvesting in their leaseholds to deliver high standards of hospitality while also adding more public access and connectivity along our bayfront," said Chairman Frank Urtasun, Port of San Diego Board of Port Commissioners. "This project as proposed will elevate the guest experience and benefit the community."
"Today marks what Loews Hotels & Co believes to be a significant milestone in the spectacular transformation of the Loews Coronado Bay Resort," said Alex Tisch, President & CEO, Loews Hotels & Co. "After more than three decades of being part of the Greater San Diego hotel skyline, we are excited to work with the Port in negotiating, and hopefully implementing a comprehensive plan to transform the experience. Our plan is to create a best-in-class resort product for residents, guests, corporate groups and our team members to enjoy, amidst one of the most spectacular settings in the United States."
Loews Hotels & Co also proposes comprehensive maintenance of existing assets and improvements to infrastructure and utilities, including roofing, stormwater, lighting, power, and telecommunication systems. Where practical, energy efficient improvements will be made.
For next steps, staff will begin environmental review in accordance with the California Environmental Quality Act (CEQA). The timeline for construction and completion is to be determined pending various project approvals and permitting.
Media Contacts: Port of San Diego - Brianne Mundy Page C: 619.348.1518; Loews Hotels & Co - Angela Trantham C: 818.554.6296