John Q. Hammons Hotels files for bankruptcy

The Springfield-based hotel company founded by and named for the late John Q. Hammons on Sunday filed for protection in federal bankruptcy court in Kansas City, Kansas.

The move, first reported Sunday evening by the Wall Street Journal, comes weeks before a trial was set to begin in Delaware over whether John Q. Hammons Hotels must sell its properties, according to the outlet.

That trial, slated to begin July 26, pertains to a dispute between the company and entities associated with investor Jonathan Eilian. In 2005, the Eilian entities loaned Hammons $300 million so he could take the publicly-traded company he led private.

John Q. Hammons Hotels, which is currently led by CEO Jacqueline Dowdy, could not immediately be reached for comment Sunday.

Read more: Springfield News-Leader


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