Electra America Hospitality Group acquired Loews Boston Hotel from Loews Corporation (NYSE:L) for approximately $120 million on August 17, 2022. EAHG said it plans to convert the upper-upscale hotel in the Back Bay neighborhood into Hotel AKA Back Bay, debuting the luxury long-stay AKA brand in Boston.

Electra America Hospitality Group completed the acquisition of Loews Boston Hotel from Loews Corporation (NYSE:L)on August 17, 2022.