John Q. Hammons Hotels, Inc. Sells Holiday Inn Denver Northglenn in Colorado

Business Wire, Dec 29, 2004

SPRINGFIELD, Mo. -- John Q. Hammons Hotels, Inc. (AMEX:JQH) announced today it has sold the Holiday Inn Denver Northglenn, located in Northglenn, Colo. The property, owned and operated by John Q. Hammons Hotels, Inc., was sold to Gholamreza Rahmani-Azar and will be managed by Colorado Hospitality, Inc.

Located at 10 East 120th Avenue, the six-story Holiday Inn Denver Northglenn opened in December 1980. The property features 235 guestrooms, 14,000 square feet of meeting space, two restaurants with a clubhouse for sporting events and recreational facilities, as well as a pool and gift shop.

Company Information

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.

For more information about John Q. Hammons Hotels, Inc. please visit the company's Web site at www.jqh.com.