Hotelier Hammons Said To Be Interested in Jonesboro Again

by Arkansas Business Staff  on Monday, Dec. 4, 2006 12:00 am  

We keep hearing that mega-hotelier John Q. Hammons hasn't yet given up on building a quality hotel in Jonesboro.
The thing is, all the indicators don't seem to support that report.
Three officials at the Jonesboro Regional Chamber of Commerce hadn't heard about it, and we found that 14 acres of prime real estate there owned by Hammons is up for sale.
And Hammons, who would know, hasn't been available for comment.
If you'll remember, Hammons announced in July 2005 plans to build a 220-room Courtyard by Mariott and adjoining 65,000-SF convention center contingent upon the city chipping in to help pay for the development and construction of the convention center.
When a few feathers ruffled about the taxpayers' end of the deal, Hammons backed out and immediately listed the 14 acres with John White Realty.
"We've had a few offers on the land, but none that have gone anywhere," said Johnny White, principal at John White Realty.
The land, at the corner of Race and Fair Park near a handful of new developments, is adjacent to a Hilton that is being built in the area, said White.
Hammons' company, JQH Hotels & Resorts LLC, is based in Springfield, Mo., and has developed more than 70 upscale hotels nationwide, including six in Arkansas.

 

 

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