John Q. Hammons (AMEX:JQH)
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From Jul 2019 to Jul 2024
Mr. John Q. Hammons Expands Presence in Rogers, Ark. with
Development of Marriott Hotel and John Q. Hammons Center
State's First Full-service Marriott Hotel and the New Center Join Hotelier's
Embassy Suites Property to Serve as Premier Lodging and Meetings Destination in
Northwest Arkansas
SPRINGFIELD, Mo. and ROGERS, Ark., July 21 /PRNewswire-FirstCall/ -- Mr. John
Q. Hammons today announced plans to develop a $30 million, 230-room Marriott
Hotel and a $25 million, 125,000-square-foot John Q. Hammons Center in the
booming Pinnacle Hills area of Rogers, Ark. Representing the first
full-service Marriott Hotel in Arkansas, the new property will be linked to
Hammons' already established $45 million, 250-suite Embassy Suites Hotel by the
John Q. Hammons Center. The Marriott Hotel and John Q. Hammons Center will be
owned by Mr. Hammons and managed by Springfield, Mo.-based John Q. Hammons
Hotels, Inc. (AMEX:JQH), the nation's leading independent builder, developer,
owner and manager of upscale, full-service hotels, resorts and suites.
Situated only 20 minutes from the rapidly growing Northwest Arkansas Regional
Airport and located near I-49, U.S. 71 and I-540, construction of the Marriott
Hotel and John Q. Hammons Center is slated to begin in first quarter 2005,
followed by a grand opening in third quarter 2006. The Marriott Hotel and the
John Q. Hammons Center are conveniently positioned next to the Embassy Suites
Hotel - Northwest Arkansas, which is across from The Shops at Pinnacle Hills
and within close proximity of the $100 million, 750,000-square-foot Pinnacle
Hills Promenade retail and entertainment center scheduled to open in summer
2006.
"The already successful Embassy Suites Hotel - Northwest Arkansas coupled with
the new Marriott Hotel and John Q. Hammons Center represent strong components
of establishing Pinnacle Hills as one of the most prestigious areas of
Northwest Arkansas," said Steve Womack, mayor of Rogers. "The explosive growth
Rogers is experiencing requires quality lodging and meetings options to ensure
repeat business that benefits the city. Mr. Hammons' developments consistently
deliver unprecedented results and will have a positive impact not only on our
visitors, but also our residents and businesses."
In addition to the developments in Pinnacle Hills, other projects are underway
in Rogers, including the Mercy Medical Level 1 Trauma Center, new Perry Road
Interchange, $25 million worship center, as well as The Shops at Market Street,
an upscale retail and office center.
"Rogers is one of Northwest Arkansas' fastest growing cities, making it an
economically sound market for building exceptional hospitality facilities,"
said Mr. Hammons. "We're confident that by opening the first full-service
Marriott Hotel in the state, coupled with the John Q. Hammons Center, we will
fill a big need for this thriving city and provide easy and convenient access
to all local attractions, business districts, the University of Arkansas, as
well as the airport."
Hammons' plans to develop a new Marriott Hotel and the John Q. Hammons Center
have received tremendous support from community leaders such as Mayor Steve
Womack; partners of The Pinnacle Group, including J.B. Hunt, Bill Schwyhart,
Tim Graham and Robert Thornton; as well as other key business headquarters,
including Wal-Mart Stores, Inc. and Tyson Foods, Inc. With a population of
more than 41,500, the Rogers community includes a diverse mix of businesses,
recreation and historical attractions, as well as entertainment districts.
Property Information
The John Q. Hammons Center and the Marriott Hotel will offer a total of 40
meeting rooms, and the hotel will feature a ballroom that holds 3,000 guests
and two additional rooms accommodating up to 1,400 in each. Designed with the
signature atrium style of John Q. Hammons Hotels, the unique decor of the hotel
and John Q. Hammons Center will be vibrant and inviting. For special events,
the staff will cater to a group's specialized needs and provide a full range of
event planning assistance and catering.
The Marriott will also feature a variety of amenities for both business and
leisure travelers, including two telephone lines with dataports and voicemail,
high-speed Internet access, well-lighted writing desks, remote color
televisions, in-room coffeemakers with a selection of coffee and teas, iron and
ironing board, hairdryers, and daily newspaper delivery to each room. The hotel
also will offer a full service business center, restaurant, health and fitness
center, indoor pool, whirlpool, and sauna.
Company Information
Publicly traded on the American Stock Exchange, Springfield, Mo.-based John Q.
Hammons Hotels 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.,
+1-417-864-4300, or ; or Molli Samuels,
+1-972-628-7763, or , or Melissa Conger,
+1-972-628-7756, or , both of Publicis Dialog
for John Q. Hammons Hotels, Inc.
Web site: http://www.jqhhotels.com/