Tim Logan from the St. Louis Post Dispatch wrote a lengthy article over the weekend dealing with the past, present, and future of the Hammons empire. The hotelier is currently in a nursing home in Springfield with his affairs being directed by Jacqueline Dowdy, his current CEO. Logan says business-wise the company is in a holding pattern.
“What Justin Harris, the Hammons company spokesman told me, was that right now [they] are not doing any building, [they] are going into operations mode, [they] are going to try to ride out the recession, make profits where [they] can,” Logan said.
“When the financing picture clears up, the way he put it, [they’ve] got plans on the table [they] just need to start working on them but [they] can’t do that until [they] get some money.”
Several friends of Hammons have not had access to the hotelier and have filed suit, saying he is being kept from them by the CEO. They have asked that the Greene County Public Administrator take over as Hammons caretaker. Logan says there are several interests at stake.
“There are the medical questions, the friend questions, but then there is sort of a broader public interest, what happens to his assets and obligations and his company. And I think that is where a lot of the broader interest stuff will come out.”
The judge in the case has ordered that most of the information be sealed in the interests of the developer.