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...
Helping Seniors Live Independently
Minneapolis — Al Baker and his business co-creator Muhammad Abdurrahman entered into business with noble intentions. The two created Reemo, formerly Playtabase, to help Abdurrahman’s father live more independently after severe strokes limited his mobility. The mobility impaired have a high cost for every motion — to pick up a remote that’s dropped to the floor is to risk a life-threatening fall, Baker said. Their solution: wearable...
