New Orleans-based company buying bankrupt Monmouth
Published: April 2,2012
NATCHEZ — A New Orleans hotel management company is purchasing Monmouth, a historic plantation property.
The Natchez Democrat reports New Orleans Hotel Consultants, a hotel management company, is taking over operations at Monmouth after United Mississippi Bank initiated foreclosure proceedings on the property Feb. 29.
Warren Reuther, president of New Orleans Hotel Consultants, declined to say how much the property cost. He said the company hoped to restore Monmouth to the “grandeur it once had.”
He said there was a lot of renovation work to do.
He said Monmouth would extend its restaurant hours, expand its menu and add an afternoon tea and early dinner for patrons.
Monmouth was owned by Ron and Lani Riches for approximately 35 years.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- White House hotel making comeback in Biloxi
- Supreme Court deals blow to McDaniel's election challenge
- Baseball stadium for Farish Street? It’s possible
- Guns OK inside Mississippi polling places, attorney general says
- McCarthy hired as CFO of Mississippi Development Authority
- 'Get on Up' movie premiers in Madison with Chadwick Boseman and Tate Taylor walking the red carpet
- Bryant protests immigrant children being housed in state
- Gunn, Reeves introduce performance-based budget plan
- State GOP chairman calls on McDaniel to hurry with challenge
- Three indicted, alleged to have embezzled from agency