Hotel Company Founded by John Q. Hammons Enters Chapter 11

[wsj-responsive-image P="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_P_20160626150922.jpg" J="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_J_20160626150922.jpg" M="//si.wsj.net/public/resources/images/BN-OQ864_0626ha_M_20160626150922.jpg" caption="In a March 30, 2004, file photo, John Q. Hammons poses for a photo in his new 8,000 seat baseball stadium in Springfield, Mo. Hammons, a prominent hotel developer and southwest Missouri philanthropist, died May 26, 2013. A hotel company he founded filed for bankruptcy." credit="Associated Press" placement="Inline" suppressEnlarge="false" ]

A Missouri-based hotel company founded by hotelier John Q. Hammons filed for chapter 11 bankruptcy protection with assets and debts each more than $1 billion, according to court papers. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

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(And don’t forget to check out what is happening in bankruptcy this week.)

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa