The Passing of a Friend and Ledgend

The Passing of a Friend and Ledgend

Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes

RIP John Q. Hammons, 1919-2013

Most here probably don't know of this man, Known as John Q. he passed away last night in his home. He was a small town boy from Fairview, Missouri who became a real estate ledgend. He attended college with my father and they were faternity brothers, both starting out as teachers. John left teaching getting into depevlopments and as a teenager I worked on a few of his sites. He made his first million while he was in his 30s.

In 1969 he was in hotel development and through his dedication and hard work was named by Forbes in fewer than 20 years as being one of the top 400 richest men in the country. His hotel developments covered 42 states and known for grand projects, the crown jewel of his hotels, as he referred to it, being the Chateau on the Lake near Branson, Mo. (As grand as anything you're likely to see).

In the 90s I had the opportunity to work with him along with other lenders in financing transaction for and with John. While he was demanding he was one of the most fair and honest men I have ever been around. He always had a smile for everyone and was very approachable. There couldn't have been a better mentor who had no secret for his success as he'd say "all it takes is money and guts and I have plenty of both", yes, he was overweight, a bit of his humor.

John and his wife never had children and he adopted all of Springfield. Two large arenas and dorms at two colleges, 3 high end residential subdivisions, our first highrise, the federal courthouse, the Cardinal baseball park, theater for the arts, water fountains for the city, I just can't name them all. The man changed lives with his charitable giving and through his business ethic.

There may not be much written about his business, I'm sure projects and developments can be found but his personal side would certainly demonstrate the path to follow for any investor in real estate. Hopefully more will be written about this man. A class act! Thank you for all you did John, you will be missed and not forgotten.

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Real Estate Investor · Buzzards Bay (Bourne), MA · Member since 2012 · 208 posts · 28 votes
13y

Sorry for your loss Bill Gulley. Sounds like a great mentor you had there. Thanks for sharing that story of his life. Sounds like he was an inspiration in your life.

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  • Real Estate Investor · Buzzards Bay (Bourne), MA · Member since 2012 · 208 posts · 28 votes
    13y

    Sorry for your loss Bill Gulley. Sounds like a great mentor you had there. Thanks for sharing that story of his life. Sounds like he was an inspiration in your life.

  • Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    13y

    Thanks Mike, it is a loss to this part of our Sstate. He lived a great life and if you're lucky you'll get to know someone like him. :)

  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    13y

    Sorry to hear of the loss of your friend and mentor Bill Gulley.

  • Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    13y

    Thanks Ned. John Q would go out and look at properties at dawn, 4 to 5 in the morning, he thought that if anyone saw him looking at properties they'd know something was up at it would cost him more. Had to be out there before the farmers were out! I'm sure he was right.

    Besides a few instances, my conversations with him weren't about me trying to pick his brain about RE, he was a friend of my dads'.

    Here's my first adult encounter.

    When I started out, he was at a drive-in burger joint, near downtown having lunch, I kinda stood off waiting for a table and just nodded at him. People would go up to him and say hi and kinda chat and keep moving along. He waved me over as he recognized me but wasn't sure from where. Saying hi, I introduced myself (again) then it was "Oh yes, have a seat Bill". So, I'm setting there eating a burger with one of the (if not the) biggest RE developers in the midwest. A very smart guy, since I was sitting there no one else came by to chit-chat with him as it looked like he was busy talking. Mostly we talked about he and my dad running track and playing basketball, not business! I think I mentioned I had been a bank examiner and was starting a mortgage brokerage when he asked, think he gave a positive "that's good" and we moved on. We didn't talk much about RE or finance, that was years later. :)

  • Involved In Real Estate · Columbia, MO · Member since 2012 · 28 posts · 5 votes
    13y

    I am saddened to hear this. Growing up in Springfield, MO, John Q was an idol to me. My family often joked that Springfield should change its name to something in regards to Hammons. His legacy will continue to live on for generations with his significant contributions to the town and through the people he inspired.I was fortunate enough to meet him a few years ago and he inspired me deeply. A large reason why I have become so passionate about real estate is because of the opportunity it allows to give back the community. He did this as well as anyone and made Springfield what it is today.

    Bill, If you have any other John Q stories, I would love to read about them.

  • Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    13y

    John Q. really supported and promoted education. He had been an accountant working for a large contractor in Alaska building the Ak. highway. According to him that's where he learned running the finance side to large projects.

    Rich Wise and Brian Hancock will like this, he believed that the best employees in his hotels were Mormons, he said they don't drink, they won't stealfrom you and they have the best work ethic. This was to the lower level employees, but he was not a Mormon.

    What amazed me about him was his perception and vision. I was chair of the redevolment committee in the city's Vision 2020 project, his efforts at the time were impacting the Jordan Valley area and it was hard trying to keep up with his proposals. Much of the city's development was, in a way, trying not to impead what he may want to do while trying to identify areas for redevelopment. John Q. never had lose lips about his specific projects, where they might be or what they might be. It was more as to asking what he thought about something and his affirmative response would only let you assume he had little interest in the matter or that it would compliment his vision. But, when he had control of a property, had done his due diligence and had things pretty well lined up he would announce a project in a big way. From there others would follow and surrounding areas became the target for greater interest. I aquired some properties following him, they all worked out well.

    I'll say too, that he didn't know what he was worth, it was always an estimate, he had so many activities going on at times you really couldn't nail down the assets, that's what happens when you can drag in a million or more in a day and can't identify an accurate per centage of completion on various projects, with multiple interests flying by. I said he moved faster than the velocity of money.

    If I had to place his assets in priority I'dsay first was his ability to be personable and influence others, his perception of people and situations. Next his ability to preceive needs and make a plan to solve problems. Then his management abilities setting priorities and use of assets when or as required. All went to his calculating risks and I think it was all in his head, while he had a staff and assistant, he was simply on top of everthing all the time, or so it always appeard.

    I have not seen nor heard of anyone today that has the drive and work ethic of John Q. and I doubt there will or even can be another like him. He began from nothing, knew hardship, puuled himself up to gain his education, he set goals, made a plan and implemented his plan with confidence and determination.

    To understand many of those who have been that successful you need to understand a little history. The depression, WWII, the opportunities that existed, the education level of the competition and the ethical environment that existed. John was quick to point out where he came from and while he could certainly have an ego, it was well earned. :)

  • Investor · Wichita Falls, TX · Member since 2010 · 3k+ posts · 603 votes
    13y

    Sorry for your loss as well Bill Gulley. People like John Q. make the world a better place. I can now see where you may have gotten your trait of always helping out our community here on BP.

    Thank you for sharing a part of his story with us.

  • Investor · Chicago, IL · Member since 2011 · 74 posts · 35 votes
    12y

    @Bill Gulley

    Bill, thanks for sharing your memories of John Q. Having moved away from Springfield when I went to college, I never got a chance to look more in depth into John's accomplishments, aside from his obvious ones: SMS's football and basketball stadiums, and "Darth Vader". I have a good friend whose family worked w/ John Q quite a bit over the last 50+ years. He sent me a pic of his grandfather and John Q shaking hands over a deal back in the day. Pretty cool.

    Thanks again.

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