Embassy Suites Hotel and Adjoining 80,000
square-foot Convention Center
in Loveland, Colorado
|SPRINGFIELD, Mo. and LOVELAND, Colo., July 14, 2004 - 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."
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.
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.
John Q. Hammons Hotels, Inc.
|Also See:||John Q. Hammons Hotels Decision to Increase Sales and Marketing Budgets Played Significant Role in Q1 Success / May 2004|
|John Q. Hammons Developing $50-million, 300-suite Embassy Suites and Convention Center in La Vista, Nebraska; The $30 million, 225-room Courtyard® by Marriott® Oklahoma City Downtown/Bricktown Opens / March 2004|