The Missouri hotel company that owns the largest hotel in Northwest Arkansas has filed for bankruptcy protection, with assets and debts each more than $1 billion, according to court filings.
John Q. Hammons Hotels Development LLC of Springfield filed for Chapter 11 protection over the weekend in a Kansas City, Missouri, federal court.
The Wall Street Journal first reported the news Sunday evening. Among the hotels Hammons owns, according to its website, is the Embassy Suites Northwest Arkansas, at 3303 Pinnacle Hills Parkway in Rogers. The property, which opened in May 2003, expanded to its current inventory of 400 rooms in July 2007 with the opening of the 152-room spa tower, built to accommodate the adjacent John Q. Hammons Convention Center.
Hammons, whose portfolio includes 35 hotels... [ MORE ]