Complex sentence: The Commercial Club became the Timrod Inn (later known as the Hotel Timrod), but it closed in 1955 and was demolished in 1964 for the building of the O. T. Wallace County Office Building.
Split into simpler sentences: The Commercial Club became the Timrod Inn (later known as the Hotel Timrod). The hotel closed at the end of 1955 and was demolished in 1964 for the building of the O. T. Wallace County Office Building.