Hotel Owners Sue Hammons CEO Over Management Deal

Law360, Wilmington (July 23, 2012, 10:32 PM EDT) -- The CEO of John Q. Hammons Hotels Management Co. LLC was hit with a lawsuit in Delaware on Friday by hotel owners alleging the executive has usurped control of the company in violation of a management contract.

Atrium TRS LLC and several affiliates, which own over half of the 78 hotels managed by JQHM, says in a Delaware Chancery Court complaint that the contract grants them approval rights for all senior positions at JQHM, which CEO Jacqueline Dowdy has ignored since taking over for its incapacitated...
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