Center in Rodgers, Arkansas
Located Next to Company's Embassy Suites Property
|SPRINGFIELD, Mo. and ROGERS, Ark., July 21, 2004 - 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.
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.
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.
John Q. Hammons Hotels, Inc
|Also See:||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|
|John Q. Hammons Breaks Ground on $36 million, 265-suite Embassy Suites Hotel – Saint Charles; Adjacent to the Planned Saint Charles Missouri Convention Center / Sept 2003|