Mr. John Q. Hammons Expands Presence in Rogers, Ark. with Development of Marriott Hotel and John Q. Hammons Center
July 21 2004 - 1:58PM
PR Newswire (US)
Mr. John Q. Hammons Expands Presence in Rogers, Ark. with
Development of Marriott Hotel and John Q. Hammons Center State's
First Full-service Marriott Hotel and the New Center Join
Hotelier's Embassy Suites Property to Serve as Premier Lodging and
Meetings Destination in Northwest Arkansas SPRINGFIELD, Mo. and
ROGERS, Ark., July 21 /PRNewswire-FirstCall/ -- 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. Property
Information 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. Company
Information 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. 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.,
+1-417-864-4300, or ; or Molli Samuels, +1-972-628-7763, or , or
Melissa Conger, +1-972-628-7756, or , both of Publicis Dialog for
John Q. Hammons Hotels, Inc. Web site: http://www.jqhhotels.com/
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