January 19th, 2008
John Q. Hammons Hotels & Resorts Acquires Premier Land on Lake of the Ozarks in Osage Beach, Mo
SPRINGFIELD, Mo. — Mr. John Q. Hammons today announced that John Q. Hammons Hotels & Resorts, LLC is acquiring 30 acres of land on Lake of the Ozarks in Osage Beach, Mo., for investment purposes. Springfield, Mo.-based John Q. Hammons Hotels & Resorts, LLC is the nation’s leading independent builder, developer, owner and manager of upscale, full-service hotels, resorts and suites.
Strategically located near U.S. Highway 54 on Fish Hatchery Cove, the acquired property lies along Lake of the Ozarks’ 1,375 miles of scenic shoreline. Located in central Missouri, Lake of the Ozarks is the state’s premier all-around vacation spot and is within a day’s driving time of major cities in Arkansas, Illinois, Iowa, Missouri, Oklahoma, Tennessee and Texas.
“We have been considering Lake of the Ozarks as a prime destination for many years,” said Mr. John Q. Hammons, founder, chairman and chief executive officer of John Q. Hammons Hotels & Resorts, LLC. “We look forward to working with the city of Osage Beach to provide new economic growth to this beautiful area, and we are entering into a market study to determine if a luxury hotel or resort, convention and exposition center and/or an upscale condominium development are best suited for the land.”
Editor’s Note: To view Mr. Hammons’ property acquisition, please see the attached Google Earth image, or visit http://earth.google.com and go to the coordinates 38 degrees N 92 degrees W near Fish Hatchery Cove and Grand Glaize Bridge.
Springfield, Mo.-based John Q. Hammons Hotels & Resorts, LLC 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 62 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 & Resorts’ properties are dominant in their markets. Over the course of his impressive career in the hotel business, Mr. Hammons has developed 164 hotels.