Residence Inn Has New (Old) Owner
Lebanon — The Residence Inn on Centerra Parkway in Lebanon is going to get a $2 million renovation as the new owner — who is also the old owner — seeks to turn around the hotel’s operation, which has lagged in recent years. Norwich Partners, the Norwich-based hotel property investment firm headed by David Leatherwood, has bought back the 114-suite extended-stay hotel from Moody National REIT, a real estate investment trust, for about...
Claremont Savings CEO To Retire
Claremont — Claremont Savings Bank Chief Executive Sherwood Moody will step down at the beginning of next year and a search is already on to find the next leader for the 107-year old financial institution. “I’m retiring,” Moody said. “It’s a natural process.” A formal announcement of Moody’s retirement and the search for a new CEO will be presented Tuesday at the bank’s annual meeting of trustees and corporators, Moody said. Word...
