JQH John Q. Hammons Hotels

Mr. John Q. Hammons today announced his plans to develop a 10-story, 250-room Courtyard(R) by Marriott(R) in McKinney, Texas. The new hotel will be owned by Mr. Hammons and will be 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. Strategically located at the intersection of U.S. Highway 75 and State Highway 121 and two miles from the Collin County Regional Airport, the Courtyard by Marriott will adjoin a planned 75,000-square-foot conference center, to be owned by the city of McKinney and managed by John Q. Hammons Hotels. The biggest project to date for the community of McKinney, construction on the hotel and conference center is scheduled to begin in spring 2007. The new Courtyard by Marriott will be the seventh hotel owned by Mr. Hammons and managed by John Q. Hammons Hotels, Inc. in the Dallas-Forth Worth area. "Over the next five to 10 years, we foresee the area around State Highway 121 and U.S. Highway 75 will experience tremendous growth, especially when 121 is completed," said Mr. John Q. Hammons, founder, chairman and chief executive officer of John Q. Hammons Hotels, Inc. "John Q. Hammons Hotels continues to invest in the Dallas-Fort Worth area because it is one of the best centers for growth in the country, and I am confident the new property's first-class accommodations and flexible meeting space will exceed the expectations of all." The Courtyard by Marriott and McKinney Conference Center are part of a larger planned shopping and residence destination for the city of McKinney. According to Chris Shane, vice president of acquisitions of O & S Holdings, LLC, of Brentwood, Calif., the destination will be a 1 million-square-foot neo-urban, upscale lifestyle center complete with shopping, dining, entertainment, offices and possible apartments and residences. Shane says O & S Holdings' commitment to quality and unique design concepts allows the company to create atmospheres where people can live, work and play, all in the same space. McKinney Officials Comments on Developments "As one of the fastest growing cities in America, McKinney has a great need for a full-service, business-class hotel and convention center. This property will provide a place for major events and activities, and I fully expect it to become a focal point for both visitors and citizens of McKinney." -- David Pitstick, president and CEO of the McKinney Economic Development Corporation "The hotel and convention center represents one of the largest and most complex projects the McKinney Economic Development Corporation has worked on. This development will bring new tax base and jobs to McKinney, and we are excited all the parties are ready to move forward." -- Ray Ricchi, chairman of the McKinney Economic Development Corporation "This ambitious development will change the face of McKinney and will change some perceptions people have about McKinney. It will offer an impressive entry point to McKinney for people driving north on I-75, and it will help us meet the business and conference needs of our existing businesses and be an invaluable asset in recruiting new businesses." -- Thad Helsley, City Council member "A business-class hotel and conference center has been the top priority for City Council for the past few years, and we're happy to announce it is now a reality. We have the right developers for this type of facility in John Q. Hammons Hotels and O & S Holdings, and we're looking forward to moving ahead." -- Brian Loughmiller, mayor pro tem of McKinney Area Information McKinney, Texas, is the fastest-growing city in the United States, according to recent U.S. Census estimates for towns of 50,000 people or more during the 2000 Census. McKinney currently has an estimated population of almost 100,000. McKinney is located 30 miles north of Dallas and is the county seat of Collin County. Incorporated in 1848, McKinney's vibrant and historic downtown square serves as a meeting place for leisure, business and fun. Rolling hills, lush trees and a healthy mix of traditional and modern make McKinney a unique and desirable place to visit, conduct business, explore and live. To learn more about McKinney, visit the city's Web site at www.mckinneytexas.org. About Courtyard(R) by Marriott(R) Designed to meet the exacting requirements of business travelers, Courtyard by Marriott is also a perfect "base of operations" for family visits, reunions, weddings and vacations. The Courtyard's newest feature is The Market, offering 24-hour food, snacks and refreshments. All guestrooms include king-size beds, a separate work area with spacious seating and a desk, free high-speed Internet access, a color TV set with cable and two telephones with multiple lines, data ports and voice mail. Additionally, travelers are treated to a complimentary daily newspaper and can enjoy a hot breakfast buffet. Guests also have access to a pool and whirlpool, exercise room, lounge, business services including faxing, copying and printing, laundry service and valet. To book a reservation, please call 800-321-2211 or visit www.marriott.com/courtyard. About O & S Holdings, LLC O & S Holdings, LLC was formed in 1992 by Gary Safady and his cousin, Paul Orfalea, founder of Kinko's. O & S Holdings and its affiliates own or have developed 80 properties in the United States, and currently are developing two major projects in the U.S. Louisiana Boardwalk, a 650,000-square-foot waterfront entertainment and outlet shopping center anchored by Bass Pro Outdoor World and a 14-screen Regal Theater, opened its first phase on May 12, 2005, and the world famous BridgeStreet, a $210 million, 2 million-square-foot mixed-use project located in Huntsville, Ala., is scheduled to open in fall 2006. O & S Holdings recently opened Foothill Crossing, a 315,000-square-foot power center located 30 miles east of Los Angeles that contains a new, prototype 180,000-square-foot Sears Grand. For more information, please visit www.osholdings.com. About 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 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 160 hotels. For more information about John Q. Hammons Hotels, Inc. please visit the company's Web site at www.jqh.com.