Hotel magnate ready to deal F.C. property

John Q. Hammons, developer of the proposed Embassy Suites located at The Ranch and owner of the University Park Holiday Inn in Fort Collins, has agreed to merge his company with Barcelo Crestline Corp.
As planned, Barcelo Crestline will acquire all of the outstanding shares of Class A Common Stock of John Q. Hammons Inc. (AMEX: JQH) for $13 per share – a deal worth at least $63.4 million. According to Hoover’s Online, the John Q. Hammons Inc. has 4.89 million shares outstanding. The merger is expected to finalize in January.
The transaction, once complete, will create Barcelo Hammons…