10/19/2004

McLean, Va.-based Barcelo Crestline has made the first move in its plan to expand its portfolio by offering to buy John Q. Hammons Hotels for $63.5 million. The Springfield, Mo.-based hotel group has 46 properties in North America and Barcelo's bid calls for a combined new unit to be called Barcelo Hammons Hotels and Resorts.

Related Summaries