John Q. Hammons (AMEX:JQH)
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From Jul 2019 to Jul 2024
Mr. John Q. Hammons to Build Embassy Suites Hotel and Convention
Center in Loveland, Colo.
New Development Marks Hammons' Fourth Full-Service Hotel Along the Colorado
Front Range
SPRINGFIELD, Mo. and LOVELAND, Colo., July 14 /PRNewswire-FirstCall/ -- Mr.
John Q. Hammons today announced his plans to build a $35-million, 250-suite
Embassy Suites Hotel and adjoining 80,000-square-foot convention center in
Loveland, Colo. Only 40 minutes from Denver International Airport via E-470,
the Embassy Suites Hotel - Loveland and convention center will be located on
the southwest corner of the 243-acre Larimer County Fairgrounds property, which
is north of U.S. 34 at the intersection of Interstate 25 and Crossroads
Boulevard. The hotel and convention center will be owned by Mr. John Q.
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.
"A quality, full-service hotel has always been a part of the master plan for
the Larimer County Fairgrounds," said Jay Hardy, director of the Larimer County
Fairgrounds and Events Complex. "Mr. Hammons' plan to build the Embassy Suites
in Larimer County complements our goal of ensuring the success of business
operations at the fairgrounds and guaranteeing our ability to fully service
incoming events and customers."
Conveniently situated in Larimer County, the Embassy Suites Hotel - Loveland
marks the fourth full-service hotel Mr. Hammons has built along the Colorado
front range and complements the company's portfolio of 60 hotels.
"Loveland is one of the fastest-growing metropolitan cities in the country and
has something to offer for everyone who lives in or visits its thriving
community," said Mr. John Q. Hammons, founder, chairman and chief executive
officer of John Q. Hammons Hotels, Inc. "We have built a strong relationship
with Larimer County and the city of Loveland, and we support their commitment
to cultivate this ever-growing community. With a variety of businesses,
historical attributes, major attractions and cities surrounding its perimeters,
the Larimer County Fairground location is an ideal site for an upscale hotel
that can accommodate both small and large groups. I am confident the Embassy
Suites Hotel - Loveland will complement the continued growth Loveland is
experiencing and will ultimately serve as the premier hotel in the area."
Due to its short distance from major cities, including Denver, Ft. Collins,
Windsor and Greeley, as well as its location just immediately southeast of the
Ft. Collins Loveland Airport, the property is also an ideal lodging choice for
both business and leisure travelers. In addition, the adjoining
80,000-square-foot convention center combined with the hotel's more than 8,000
square feet of meeting space, makes the Embassy Suites Hotel - Loveland a
perfect venue for lavish weddings, celebrations, as well as corporate meetings
and conferences.
"John Q. Hammons Hotels is known for its high caliber properties, and we
eagerly await the completion and opening of the Embassy Suites in Larimer
County," said Kathay Rennels, chair of the Larimer County Board of
Commissioners. "The Larimer County Fairgrounds has become a popular regional
gathering place, so Mr. Hammons' convention center hotel will help with the
increased need for hotel rooms and meeting space, as well as continue the high
level of quality that was visualized for the fairgrounds from the start."
Area Information
Known as the "Gateway to the Rockies," Loveland is nestled in a valley at the
mouth of the beautiful Big Thompson Canyon, Trail Ridge Road and Rocky Mountain
National Park, Colorado's number one vacation destination. Loveland's lakes,
rivers, nature trails and 27 public parks provide an abundance of activities
for the outdoor enthusiast, while the quality antique and retail shops and
abundant art galleries located in historic downtown offer exciting shopping
experiences.
Embassy Suites Hotel Information
To be built with the signature atrium style of John Q. Hammons Hotels, the
Embassy Suites Hotel - Loveland will boast an architectural style that
complements the design of the convention center. The hotel's decor will emit a
contemporary flair that invites guests to enjoy the exceptional appointments
and outstanding customer service that defines the John Q. Hammons Hotels and
the Embassy Suites Hotels brands.
The Embassy Suites Hotel - Loveland will feature a variety of amenities for
both business and leisure travelers. The property will have a private bedroom
in every suite, a living room with a sofa sleeper, wet bar, refrigerator,
microwave and coffeemaker. In addition, each of the hotel's 250 suites will be
equipped with a hairdryer, iron, full-size ironing board, two dual-line
telephones with voice mail, high-speed Internet access, two televisions, and a
Sony Playstation. Travelers also will be able to enjoy the restaurant and
lounge, as well as full cooked-to-order breakfast during their stay. Guests
will be treated to a complimentary USA Today every weekday morning,
laundry/valet service, sundeck, cardio fitness center, 24-hour gift shop,
complimentary business center and an oversized indoor pool and whirlpool.
Company Information
Publicly traded on the American Stock Exchange (AMEX:JQH), 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.,
+1-417-873-3591, 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/