Hammons Hotels CEO calls bankruptcy a strategic response to litigation

The CEO of Springfield-based John Q. Hammons Hotels & Resorts said Monday that the company filed for Chapter 11 bankruptcy to better deal with ongoing legal difficulties and that she does not anticipate its business operations being disrupted.

CEO Jacqueline Dowdy said the company was “financially stable” and able to pay its bills. No hotels are closing, employees will continue receiving checks and benefits and customers shouldn’t notice a thing, the company’s chief counsel said.

What the bankruptcy filing does do — at least temporarily — is put the brakes on litigation involving the company, including a trial in Delaware that had been scheduled to start in late July.

Read more: Springfield News-Leader

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