Landmark Inn sold

By MICHAEL KITCH, LACONIA DAILY SUN

LACONIA — The Landmark Inn at the corner of Main street and Court Street has changed hands. The Parisi family, who also own and operate the Margate Resort on Lake Street, have sold the hotel to Mahendra and Ragim Patel of Bellows Falls, Vermont, doing business in New Hampshire as Ram Landmark Inn Trust.

The Patels operate Sairam LLC at 593 Rockingham Road in Bellows Falls, with the purpose "to provide lodging to the public," and own a Rodeway Inn in the town. In 2014, the Patels acquired the Shalimar Resort on the shore of Lake Winnisquam in Tilton from Peter Spanos of Laconia, whose family had operated it for 31 years.

Mahendra Patel indicated Thursday that he has no particular plans for the Landmark Inn. "I'll keep it as it is," he said.

The Landmark Inn was built in 1973 and originally operated as a Ramada Inn, and in 1980 became the Sheraton Laconia Inn under the ownership of Jack Basch & Sons Enterprises, Inc. During the 1980s the hotel was a popular gathering place, dining spot and watering hole. Amid the severe recession of the late 1980s and early 1990s the hotel's fortunes turned as it changed hands in 1986 and names, first to Best Western, then to The Inn of All Seasons before being acquired by the Parisi family in 1993 and christened the Landmark Hotel.

Standing on a 1.67-acre lot, the seven-story hotel has 104 rooms as well as a restaurant below the lobby and pool below the restaurant, neither of which have operated for some years.

Kyle Parisi, general manager of the Landmark Hotel and Margate Resort, failed to return phone calls for comment.