Embassy Suites Hotel and Convention Center Slated for La Vista, Neb.
SPRINGFIELD, Mo. & LA VISTA, Neb.--(BUSINESS WIRE)--March 9, 2004--Mr. John Q. Hammons today announced his plans to develop a new $50-million, 300-suite Embassy Suites Hotel(R) and a 100,000-square-foot convention center in La Vista, Neb. The new hotel and convention center are owned by Mr. Hammons and the city of La Vista, and will be managed by Springfield, Mo.-based John Q. Hammons Hotels, Inc. (AMEX:JQH), the leading independent builder, developer, owner and manager of upscale, full-service hotels, resorts and suites.
Construction on the 10-story Embassy Suites Hotel - La Vista and the convention center is expected to begin in Q4 2004, followed by a grand opening in the first quarter of 2006. Strategically located southwest of the thriving metropolitan area of Omaha, Neb., at I-80 and I-680 and minutes away from Eppley Airfield, the convention center and hotel will be a part of La Vista's rapid commercial, industrial and residential development.
As the third Embassy Suites Hotel to be built by Mr. Hammons in Nebraska, the new development will contribute to the success already established by the company's Embassy Suites Hotel - Lincoln in Lincoln, Neb., and the Embassy Suites Hotel - Downtown/Old Market in Omaha, Neb.
"La Vista's ongoing commitment to developing its prosperous community makes it a perfect fit for a full-service, upscale hotel and convention center that can accommodate large meetings," said Mr. John Q. Hammons, founder, chairman and chief executive officer of John Q. Hammons Hotels, Inc. "As the city of Omaha's western boundary continues to expand, the La Vista market will flourish. I am confident the Embassy Suites Hotel's unparalleled accommodations, the convention center's meeting space and our strong relationship with the city of La Vista will contribute to the continued growth of the area."
Considered the fastest growing city in the state of Nebraska, La Vista continues to focus on new development. The city has supported construction of a new state-of-the-art police department facility, city hall and community center. A new library also was built as a joint project with Metropolitan Community College. Nearby Omaha, Neb., also is experiencing growth through urban renewal and economic expansion. The city is home to the new Gallup World Headquarters, the 40-story First National Bank Tower, and a new headquarters building for the Union Pacific Railroad. Omaha's downtown revitalization also includes riverfront parks, pedestrian areas, and many new restaurants and retail outlets.
To be fashioned with the signature atrium style of John Q. Hammons Hotels, the Embassy Suites Hotel - La Vista's decor will have 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 Hotel brands.
The Embassy Suites Hotel - La Vista will feature a variety of amenities for both business and leisure travelers. The 10-story property will feature 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 300 suites will be equipped with two color televisions, high-speed Internet service, customizable voicemail, Nintendo 64 and WebTV. Travelers also will be able to enjoy a sports bar 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 Hotel, 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 www.jqhhotels.com.