NOEL in Franklin, TN

I don't remember the exact details of the story but this is how I think it goes:

The Noel Hotel was one of Nashville's best. It was named after someone named Noel. This was the sign atop that downtown hotel. When it ceased to be a hotel, this sign sat around somewhere for a long time until it was bought by the owner of the White Building, two blocks from the Franklin, Tn Town square. They put it atop their building every christmastime as a seasonal decoration. The White Building itself is on the National Register of Historic Places, dating back to the 20's. This is located at a major intersection - US31 and US431