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JQH John Q. Hammons Hotels

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Share Name Share Symbol Market Type
John Q. Hammons Hotels AMEX:JQH AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

John Q. Hammons Hotels, Inc. Sells Bakersfield Hotel and Conference Center

19/08/2004 10:00pm

PR Newswire (US)


John Q. Hammons (AMEX:JQH)
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John Q. Hammons Hotels, Inc. Sells Bakersfield Hotel and Conference Center SPRINGFIELD, Mo., Aug. 19 /PRNewswire-FirstCall/ -- John Q. Hammons Hotels, Inc. (AMEX:JQH) announced today it has sold the Holiday Inn Select Bakersfield Hotel and Conference Center, located in Bakersfield, Calif. The property, owned and operated by John Q. Hammons Hotels, Inc., was sold to Newport Hospitality Group, Inc. of Newport Beach, Calif. Located at 801 Truxtun Ave., the nine-story Holiday Inn Select Bakersfield Hotel and Conference Center opened in 1995. It is connected to the Bakersfield Convention Center and adjacent to the Centennial Gardens Arena. The property features 258 guestrooms, a lobby lounge, restaurant and over 16,000 square feet of meeting space within the hotel. Company Information Publicly traded on the American Stock Exchange, Springfield, Mo.-based John Q. Hammons Hotels, Inc. is the nation's leading independent builder, developer, owner and manager of upscale, full-service hotels, resorts and suites, including: Embassy Suites Hotels, Renaissance, Marriott, Radisson, Residence Inn, Homewood Suites by Hilton, Holiday Inn and Courtyard by Marriott brands. With 60 hotels strategically located near demand generators, such as state capitals, universities, airports, corporate headquarters or office parks in secondary and tertiary markets, John Q. Hammons Hotels' properties are dominant in their markets. The company's focus is capitalizing on positive operating fundamentals in the upscale, full-service sector, converting existing hotels to franchise brands and selling mature assets, while reinvesting the proceeds and reducing debt. Over the course of his impressive career in the hotel business, Mr. Hammons has developed 150 hotels. For more information about John Q. Hammons Hotels, please visit the company's Web site at http://www.jqhhotels.com/ . DATASOURCE: John Q. Hammons Hotels, Inc. CONTACT: Scott Tarwater of John Q. Hammons Hotels, Inc., +1-417-873-3591, or ; or Melissa Conger, +1-972-628-7756, or , or Christina Teagarden, +1-972-628-7875, or , both of Publicis Dialog, for John Q. Hammons Hotels, Inc. Web site: http://www.jqhhotels.com/

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