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John Q. Hammons Developing $30 million, 250-room,
Marriott Hotel in Rogers, Arkansas

 
SPRINGFIELD, Mo., and ROGERS, Ark. � July 17, 2003 � Mr. John Q. Hammons today announced he will build a $30 million, 250-room, full-service Marriott hotel and a 100,000-square-foot convention center in Northwest Arkansas� booming Pinnacle Hills business development.  The rapidly growing Pinnacle Hills business development is situated in the western portion of Rogers and offers a mix of business, retail and residential development.  The nine-story Marriott of Northwest Arkansas and the convention center will be owned by Mr. Hammons and managed by Springfield, Mo.-based John Q. Hammons Hotels, Inc. (AMEX: JQH).  

The new Marriott will be Mr. Hammons� sixth hotel to be built in Arkansas and will complement the company�s portfolio of almost 60 hotels.  Construction of the hotel and convention center is scheduled to begin in 2004, followed by a grand opening in the second quarter of 2006.  As Arkansas� first full-service Marriott, the hotel will connect to the new convention center via a climate-controlled sky bridge, as will Mr. Hammons� Embassy Suites Hotel? of Northwest Arkansas, which opened in May 2003.

Northwest Arkansas is comprised of cities located in Benton and Washington counties, including Fayetteville, Springdale, Lowell, Rogers and Bentonville.  A unique case study for strategic economic development, the region has a combined population of 400,000 people and a blue chip roster of corporate residents.

�I like to call Northwest Arkansas the 51st state due to the phenomenal development and economic growth in this region,� said Mr. John Q. Hammons, chairman and chief executive officer of John Q. Hammons Hotels, Inc.  �My plans to build the convention center and Arkansas� first full-service Marriott hotel in Pinnacle Hills reinforces my commitment to building luxury properties in areas of strategic growth.�

Ideal Location

Convenient access to the new 100,000-square-foot convention center and the property�s more than 10,000 square feet of functional meeting space will make the Marriott of Northwest Arkansas ideal for a variety of events from lavish weddings and celebrations to corporate meetings and conferences.  The hotel�s staff will be able to respond to a group�s specialized needs and provide a full-range of event planning assistance and catering.  

Located at Interstate 540 and Pinnacle Hills Parkway, Mr. Hammons� new Marriott of Northwest Arkansas and the convention center will be situated across the highway from a future one-million-square-foot, 400-acre development that will house the Pinnacle Hills Promenade retail center, a new medical center, a medical professional building, restaurants, and high-end multi-family residential communities.  The Marriott of Northwest Arkansas also will be within close proximity to major recreational destinations such as Beaver Lake, Devil�s Den and 20 area golf courses, contributing to the lure as a prime tourist destination.

Northwest Arkansas is home to several significant business destinations, including the world headquarters of Wal-Mart, Tyson Foods, J.B. Hunt, the University of Arkansas and the Northwest Arkansas Regional Airport.  Companies such as Johnson & Johnson, Miller Brewing Co., Kraft, Walt Disney Company, M&M Mars, Kodak, and The Hoover Company all maintain regional offices in the Pinnacle Hills business development.   

Company Information 

Privately owned by Mr. John Q. Hammons, the Northwest Arkansas Marriott Hotel is managed under contract by John Q. Hammons Hotels, Inc.  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 Hotel, Renaissance, Marriott, Radisson, Residence Inn, Homewood Suites by Hilton, Holiday Inn and Hampton Inn & Suites 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 148 hotels.   


 
Contact:
Scott Tarwater
John Q. Hammons Hotels, Inc.
(417) 873-3591
[email protected]
 www.jqhhotels.com
Also See: John Q. Hammons Developing a $40-million, 300-suite Embassy Suites Hotel in downtown Huntsville, Alabama / July 2003
John Q. Hammons to Develop $35-million Embassy Suites Hotel and Convention Center in Loveland,
Colorado / March 2003 
John Q. Hammons to Develop $40 million 320-room Embassy Suites Hotel in Frisco, Texas / March 2003


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