The Company�s average room rate for the 1999 third quarter was $94.64, up 3.0% compared to the 1998 third quarter. In comparison, the average room rate for the hotel industry was $80.80 in the 1999 third quarter, up 4.1% from the 1998 third quarter. The Company�s occupancy for the 1999 third quarter was 66.4%, equal with the 1998 third quarter. Occupancy for the hotel industry was 69.7 % for the 1999 third quarter down .3 percentage points from the 1998 third quarter. 

The Company�s Revenue Per Available Room (RevPAR) was $62.86 for the 1999 third quarter, up 3.1% from $60.98 in the 1998 third quarter. RevPAR for the hotel industry was $56.29 in the 1999 third quarter, up 4.0% from the 1998 third quarter. John Q. Hammons Hotels, Inc. RevPAR of $62.86 was 11.7% above the hotel industry average during the third quarter. 

John Q. Hammons, Chairman and Chief Executive Officer said, �The Company�s strong performance in the third quarter of fiscal year 1999, versus both the prior year and the industry, continues to emphasize the strong market-driven locations of our operations. Our strong brand affiliations, new hotels, and excellent property management will continue to grow the value of the portfolio.� 

Basic and diluted loss per share for the 1999 third quarter was a $(0.17), compared to a $(0.09) loss in the 1998 third quarter. The 1999 third quarter results also reflected $0.8 million in pre-opening expenses, which, in prior years, would have been deferred and amortized over a one-year period. The American Institute of Certified Public Accountants Statement of Position 98-5, �Reporting on the Cost of Start-Up Activities,� now requires all pre-opening expenses to be expensed as incurred. Results for the nine months ended October 1, 1999, reflect $4.7 million of pre-opening expenses. 

Consistent with authorization by its Board of Directors, the Company has purchased 157,788 shares of Treasury Stock during the 1999 third quarter at an approximate average price of $4.11. 

The Company opened the Hampton Inn and Suites at Mesquite, Texas on April 15, 1999, the Radisson Resort Hotel at Coral Springs, Florida on May 1, 1999, and the Embassy Suites Outdoor World at Dallas-Fort Worth International Airport in Grapevine, Texas on August 3, 1999. 

At the end of the 1999 third quarter, the Company had three new projects under construction � Marriott Renaissance Suites Hotel in Charlotte, North Carolina; Marriott Renaissance Oklahoma City Hotel in downtown Oklahoma City, Oklahoma; and an Embassy Suites in North Charleston, South Carolina. The scheduled hotel openings are staggered from December 1999 through the first quarter of 2000.  On July 21, 1999, the Company announced that it would extend its relationship with Marriott International Inc., and add the World Golf Village Resort Hotel and Convention Center in St. Augustine, Florida, to the portfolio of hotels that fly the Renaissance Hotels and Resorts Flag. The hotel was connected to the reservation system on July 19, 1999. 

The Company currently owns and manages 49 Hotels, including five managed hotels, with 11,324 rooms in 20 states. The new hotels under development will add 841 suites and rooms, which represent an increase of 7.4% to the Company�s portfolio. 
 

NOTE: Certain matters discussed within this press release are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although John Q. Hammons Hotels, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. These uncertainties are more fully described in the Company�s filings with the Securities and Exchange Commission.