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Lawsuits surround ailing hotel magnate
August 11, 2012 · 0 Comments
As the legal fight over the health of 93-year-old Springfield hotel magnate John Hammons lingers, the company that still bears his name faces two lawsuits alleging improper business practices by Hammons’ hand-picked successor.
In New York, a company formed from the former Barclays Capital Real Estate Inc. has sued a Hammons limited liability corporation over an $80 million construction loan secured to build a hotel and convention center in Rogers, Ark.
By erichertha