DATE: Saturday, November 15, 1997           TAG: 9711150295

SECTION: BUSINESS                PAGE: D2   EDITION: FINAL 

                                            LENGTH:   34 lines

LOCAL SENCE

VIRGINIA BEACH

COMFORT INN RECEIVES AWARD: The Comfort Inn Virginia Beach has received the Gold Hospitality Award for the fourth consecutive year from Choice Hotels International, parent company of the Comfort Inns & Comfort Suites chain. The award is presented annually to hotels that exceed the quality assurance standards of Choice Hotels. The award recognizes exceptional service, facilities and hospitality.

NEWPORT NEWS

NOLAND REPORTS OCTOBER SALES: Noland Co. reported October sales of $42.9 million, slightly below October 1996's $43 million. For the first 10 months of 1997, Noland reported sales of $393.6 million, 1 percent less than the $397.3 million total of the year-earlier period.

VIRGINIA

CHESAPEAKE CORP. COMPLETES PURCHASE OF ITS STOCK: Chesapeake Corp. in Richmond said it has completed purchase of 2 million shares of its common stock. The purchases included open market and privately negotiated transactions and were part of the plan announced in August for the investment of the net proceeds of the May 1997 sale of its West Point kraft products mill and associated assets. Chesapeake's board of directors has authorized the purchase of up to 500,000 additional shares of the company's common stock in open market purchases or negotiated transactions. Any shares purchased pursuant to this authorization will be canceled. MEMO: To submit an item, send it to Local Scene, The Virginian-Pilot

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