THIS EMPLOYMENT AGREEMENT ("this "Agreement"), executed as of December 1, 2003

by and between JOHN Q. HAMMONS HOTELS, INC., a Delaware Corporation (the

"Company"), and PAUL MUELLNER ("Employee").



                                    RECITALS



Employee will be employed as the Chief Financial Officer of the Company on the

terms and conditions set forth herein.



NOW, THEREFORE, in consideration of the mutual covenants contained herein, the

parties agree as follows:



                                    AGREEMENT



1.   EMPLOYMENT.



     The Company hereby employs Employee as Chief Financial Officer ("CFO") of

     the Company, and Employee hereby accepts employment on the terms and

     subject to the conditions set forth herein. Employee shall have and

     exercise the authority and perform the duties normally incident to the

     office of CFO, as well as such other duties as may be reasonably delegated

     to him by the Chairman, President, and Board of Directors (the "Board").



2.   EMPLOYMENT DATE.



     The Employee has been employed by the company since June 16, 1998 and will

     be employed until terminated by either party.



3.   COMPENSATION.



     a) As of April 1, 2003, the Company agreed to pay the Employee an annual

     "BASE SALARY" of Two Hundred Ten Thousand Dollars ($210,000.00) less

     applicable withholding, to be paid to Employee on the Company's normal

     payroll schedule. For purposes of this Agreement, "Base Salary" shall not

     include any performance incentives, bonuses, or other benefits.



     b) The Employee shall be entitled to participate in any incentive or

     SUPPLEMENTAL COMPENSATION PLAN or arrangement instituted by the Company for

     which the Employee is eligible as determined by the plan, and shall be

     eligible for an annual cash bonus up to fifty percent (50%) of his base

     salary. The amount of such bonus, if any, will be determined on the same

     basis and according to the same bonus plan used for other executive

     officers of Company.



     c) STOCK OPTIONS. Pursuant to the Company's 1994 Stock Option Plan as in

     effect on the date hereof, the Employee will participate in the grant of

     stock options













Employment Agreement Cont'd





     as directed by the Board of Directors Compensation Committee and with

     approval of the Chairman and CEO.



4.   BENEFITS.



     Employee shall be entitled to receive the following benefits from the

     Company:



     a) INSURANCE. The Employee shall participate in the medical and disability

     insurance plans as is generally available to other executive employees of

     the Company.



     b) RETIREMENT PLAN. Employee shall be entitled to participate in any

     retirement, savings or benefit plans that the company makes available to

     any of its executive employees.



     c) VACATION. Employee shall be entitled to three (3) weeks of paid vacation

     annually.



     d) INDEMNITY; D & O INSURANCE. To the extent permitted by law, the Company

     shall indemnify Employee for any and all liability or damages incurred by

     Employee in connection with his employment hereunder; and Employee shall be

     covered by any Directors and Officers Liability Insurance which is

     maintained by Company.



     e) MISCELLANEOUS. The company shall reimburse Employee for all costs and

     expenses reasonably incurred by Employee in connection with the performance

     of his duties hereunder.



5.   EMPLOYEE CONDUCT.

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