John Q. Hammons Hotels, Inc. Sells Bakersfield Hotel and Conference Center
19 Agosto 2004 - 4:00PM
PR Newswire (US)
John Q. Hammons Hotels, Inc. Sells Bakersfield Hotel and Conference
Center SPRINGFIELD, Mo., Aug. 19 /PRNewswire-FirstCall/ -- John Q.
Hammons Hotels, Inc. (AMEX:JQH) announced today it has sold the
Holiday Inn Select Bakersfield Hotel and Conference Center, located
in Bakersfield, Calif. The property, owned and operated by John Q.
Hammons Hotels, Inc., was sold to Newport Hospitality Group, Inc.
of Newport Beach, Calif. Located at 801 Truxtun Ave., the
nine-story Holiday Inn Select Bakersfield Hotel and Conference
Center opened in 1995. It is connected to the Bakersfield
Convention Center and adjacent to the Centennial Gardens Arena. The
property features 258 guestrooms, a lobby lounge, restaurant and
over 16,000 square feet of meeting space within the hotel. Company
Information Publicly traded on the American Stock Exchange,
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 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.,
+1-417-873-3591, or ; or Melissa Conger, +1-972-628-7756, or , or
Christina Teagarden, +1-972-628-7875, or , both of Publicis Dialog,
for John Q. Hammons Hotels, Inc. Web site:
http://www.jqhhotels.com/
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