SPRING LAKE, N.C. – Hurricane Florence washed away half the rooms at the Starlite Motel in Spring Lake, North Carolina. What's left will probably have to be demolished.
Co-owner Kishor Depani says he and his brothers had saved for years to purchase the property a few months ago. Now they are hoping that the government can help because they didn't have flood insurance.
Depani said in an interview that he and his two brothers invested much of their life savings in the motel about nine months ago. He said that they had paid off little of their mortgage in that short time and estimates that they still owe the bank between $400,000 and $500,000.