New owners have big plans for Norwich Motor Lodge
NORWICH – It has been just two weeks since Dr. Naresh Rane and his partners, Jayesh Dav and Sanjay Malhotra, took ownership of the Norwich Motor Lodge. Changes to the property, soon to be called the Norwich Inn, are already apparent.
For many area residents, the motel’s new sign and landscaping were the first indication that a change in management had taken place.
The whole property is receiving a face lift. There are new paved walkways and outdoor seating areas, new carpeting in the motel rooms and the plan to add barbecue grills and patio umbrellas.
But the new owners don’t intend to stop there. They have bigger plans in mind for the state Rt. 12 south location, plans that include the construction of a 180-room hotel.
Rane, Dav and Malhotra intend to use the five acres behind the existing motel for the project, which will be constructed in three phases.
“We plan to have the first phase of 60 rooms completed by January 2010,” said Rane. The final phase of the project will be the demolition of the current 18-room motel.
A retired medical doctor, Rane has had a weekend residence outside of Norwich for the last three years. His partners, Dav and Malhotra, are both information technology professionals.
“We wanted to invest in a small town like Norwich,” said Rane. The group’s first investment was a medical practice on East Main Street. Their second was the Norwich Motor Lodge.
According to Rane, the business partners became interested in acquiring and expanding the motel after seeing the difficulty oil and gas riggers were having finding lodging in the area. “We thought an opportunity existed to build something to benefit those people who are helping to build up the area,” said the retired doctor.
Rane says he has already secured a contract with one oil and gas company to guarantee occupancy in 50 percent of their current units and is in discussions with another about future accommodations.
“We would like to be a part of this community,” said Rane. The Norwich Motor Lodge (soon to be Norwich Inn) is offering a 10 percent discount to veterans, seniors and AAA members. They will also offer combat troops in transit a free, one-week stay at the motel.
Audrey Robinson, director of Communication and Tourism for Commerce Chenango, is excited to hear of the group’s plans for the property. “We can certainly use the additional hotel beds,” said Robinson. “This will help us promote tourism in Chenango County.”
The trio of investors is currently under contract on a third property in Norwich, the former Larger Furniture building at 3339 South Broad St. “We plan on having it in our portfolio by the end of the month,” said Rane.
For many area residents, the motel’s new sign and landscaping were the first indication that a change in management had taken place.
The whole property is receiving a face lift. There are new paved walkways and outdoor seating areas, new carpeting in the motel rooms and the plan to add barbecue grills and patio umbrellas.
But the new owners don’t intend to stop there. They have bigger plans in mind for the state Rt. 12 south location, plans that include the construction of a 180-room hotel.
Rane, Dav and Malhotra intend to use the five acres behind the existing motel for the project, which will be constructed in three phases.
“We plan to have the first phase of 60 rooms completed by January 2010,” said Rane. The final phase of the project will be the demolition of the current 18-room motel.
A retired medical doctor, Rane has had a weekend residence outside of Norwich for the last three years. His partners, Dav and Malhotra, are both information technology professionals.
“We wanted to invest in a small town like Norwich,” said Rane. The group’s first investment was a medical practice on East Main Street. Their second was the Norwich Motor Lodge.
According to Rane, the business partners became interested in acquiring and expanding the motel after seeing the difficulty oil and gas riggers were having finding lodging in the area. “We thought an opportunity existed to build something to benefit those people who are helping to build up the area,” said the retired doctor.
Rane says he has already secured a contract with one oil and gas company to guarantee occupancy in 50 percent of their current units and is in discussions with another about future accommodations.
“We would like to be a part of this community,” said Rane. The Norwich Motor Lodge (soon to be Norwich Inn) is offering a 10 percent discount to veterans, seniors and AAA members. They will also offer combat troops in transit a free, one-week stay at the motel.
Audrey Robinson, director of Communication and Tourism for Commerce Chenango, is excited to hear of the group’s plans for the property. “We can certainly use the additional hotel beds,” said Robinson. “This will help us promote tourism in Chenango County.”
The trio of investors is currently under contract on a third property in Norwich, the former Larger Furniture building at 3339 South Broad St. “We plan on having it in our portfolio by the end of the month,” said Rane.
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