PITTSBURGH, PA — The ongoing redevelopment of Downtown Pittsburgh is about to continue.
State and local elected officials have announced that Loews Hotels has signed a letter of intent to build a new hotel at the David L. Lawrence Convention Center.
The move comes on the heels of the recent opening of the Arts Landing open space, the rehabilitation of Market Square and improvements to Point State Park.
The new hotel will have 500 rooms, a restaurant and be attached to the convention center. It will be built at the intersection of Penn Avenue and 10th Street on a site currently occupied by a parking lot.
“I’m proud of the progress we are making together to revitalize Downtown Pittsburgh and get stuff done for Western Pennsylvania – building more housing, creating safe and fun public spaces, and attracting businesses large and small to the Downtown," Gov. Josh Shapiro said in a statement.
“This investment from Loews Hotels, supported by Allegheny County Executive Sara Innamorato and Mayor Corey O’Connor, is another sign that Pittsburgh is on the rise."
Officials said the hotel chain will invest $135 million into the hotel. The state will contribute $30 million. The county will provide an unspecified amount of money. It's unclear if the financially strapped city of Pittsburgh will put up money for the project.
Officials expect the hotel initiative will create 1,200 union construction jobs and 400 permanent union jobs.
"A hotel connected to the convention center has been under discussion for two decades, but we are going to make it a reality,” Innamorato said. “A hotel that provides more opportunity for the convention center to succeed is a worthwhile investment and will help our entire Downtown and regional economy thrive.”
No details were provided on when construction of the hotel will begin or when it will open.
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