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at the Sheraton Hotel in Sioux Falls, South Dakota |
SPRINGFIELD, Mo. & SIOUX FALLS, S.D. - Nov.
5, 2004 -- Mr. John Q. Hammons, founder, chairman and chief executive officer
of John Q. Hammons Hotels, Inc. (AMEX:JQH), today announced his plans to
add 58 guest rooms to the existing 184-room, six-story Sheraton Hotel in
Sioux Falls, S.D.
The Sheraton Sioux Falls Hotel adjoins the 100,000-square-foot, city-owned Sioux Falls Convention Center and Sioux Falls Arena. The hotel is owned by Mr. John Q. Hammons and is managed by John Q. Hammons Hotels, Inc., the nation's leading independent builder, developer, owner and manager of upscale full-service hotels, resorts and suites. "With the increasing number of convention attendees and visitors to Sioux Falls, the expansion of the Sheraton Sioux Falls is a strategic next step to better accommodate the needs of this growing community," said Mr. Hammons. "The property's prime location, easy access to the convention center and arena, as well as its strong reputation for guest satisfaction, make it a popular lodging option for a variety of travelers. We look forward to continuing our support of the convention center and arena with this expansion by offering our top-notch staff and superior accommodations to even more guests." Construction of the four-story, second tower is scheduled to begin next week. It will feature all guest rooms and will be directly connected to the original hotel, which was built in 1998. Complementing the traditional style of the property, the new tower will feature dark wood, granite and inviting color tones. Located at 1211 North West Avenue, the Sheraton Sioux Falls Hotel is conveniently located near downtown and minutes away from I-90 and I-29. Additionally, the property is one mile from Joe Foss Field, South Dakota's largest airport, and adjacent to Howard Wood Field and the Sioux Falls Baseball Stadium. Publicly traded on the American Stock Exchange (AMEX:JQH), Springfield, Mo.-based John Q. Hammons Hotels, Inc. 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 58 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 157 hotels. |
Contact:
John Q. Hammons Hotels, Inc. www.sheratonsiouxfalls.com www.jqhhotels.com |