JULY 6, 2005 - Posted at 1:56 p.m. CDT, updated at 2:04 p.m. CDT
JONESBORO, AR - Springfield, Missouri hotel and commercial real estate developer John Q. Hammons today formally confirmed his plans to build a 9-story, 220-room hotel adjoining a 65,000-square-foot convention center in Jonesboro, contingent upon the city's participation in the development and construction of the proposed convention center. Estimated at $45 million to develop, the new hotel and convention center will be owned by Hammons and managed by his southwest Missouri-based company, John Q. Hammons Hotel & Resorts, LLC, the nation's leading independent builder, developer, owner and manager of full-service hotels and resorts.
The proposed Courtyard by Marriott Hotel will be located on 14 acres north of U.S. 63, at the southeast corner of Caraway Road and Race Street. The hotel will provide approximately 4,000 square feet of meeting space and will adjoin the proposed convention center. Construction on the project is slated to begin in the Fall of 2006, and the new property will be the sixth hotel and fifth convention center in Arkansas to be developed by Hammons.
"There is a great demand for a first-class hotel and convention center that provides adequate lodging, meeting and event facilities," said Hammons. "I am confident the new hotel and convention center's upscale accommodations and flexible meeting space will fill this void and exceed the expectations of all."