JQH Finance, LLC Announces Receipt of Consents Necessary to Amend the Indenture Governing the Series B 8-7/8% First Mortgage Not

NEW YORK, Sept. 9  /PRNewswire-FirstCall/ -- JQH Finance, LLC announced today that, in connection with the pending merger between its affiliate and John Q. Hammons Hotels, Inc (AMEX:JQH), it has received the consents necessary to adopt the proposed amendments to the Indenture governing the Series B 8-7/8% First Mortgage Notes due 2012 (CUSIP No. 40862PAC1) (the "Notes") issued by John Q. Hammons Hotels, L.P. and John Q. Hammons Hotels Finance Corporation III (the "Indenture") in connection with its previously commenced tender offer (the "Offer") and related consent solicitation (the "Consent Solicitation") for any and all of the outstanding Notes.  A total of more than $493 million, or approximately 98.83% in aggregate principal amount of the outstanding Notes, were validly tendered and not validly withdrawn before 5:00 p.m., New York City time, on September 9, 2005 (the "Consent Time").  The Offer and Consent Solicitation is scheduled to expire at 10:00 a.m., New York City time, on Monday, September 26, 2005.

John Q. Hammons Hotels, L.P., John Q. Hammons Hotels Finance Corporation III and Wachovia Bank, National Association, as trustee, have executed a First Supplemental Indenture setting forth the amendments, which eliminated most of the restrictive covenants and certain events of default from the Indenture. With the exception of one amendment, which became operative upon execution of the First Supplemental Indenture, the amendments will become operative when the Notes that are validly tendered and not validly withdrawn are purchased by JQH Finance, LLC pursuant to the terms of the Offer.  All amendments to the Indenture, once operative, will be binding upon all holders of the Notes, including those not tendering pursuant to the Offer.

This announcement is not an offer to purchase, a solicitation of an offer to sell or a solicitation of consent with respect to any securities.  The Offer is being made solely by the Offer to Purchase and Consent Solicitation Statement dated August 26, 2005.

Goldman, Sachs & Co. has been appointed as dealer manager and solicitation agent for the tender offer and consent solicitation.  Global Bondholder Services Corporation has been appointed the information agent and depositary for the tender offer and consent solicitation.  The Offer Materials may be obtained by contacting Global Bondholder Services Corporation, 65 Broadway -- Suite 74, New York, New York 10006, Attention: Corporate Actions (telephone: [phone]).  Information concerning the terms and conditions of the tender offer and consent solicitation may be obtained by contacting Goldman, Sachs & Co., Credit Liability Management Group, 85 Broad Street, 29th Floor, New York, New York, 10004 (telephone: [phone]).

The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements.  Although JQH Finance, LLC believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. 

DATASOURCE: JQH Finance, LLC



CONTACT:  Bill Wallace, [phone], for JQH Finance, LLC

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