The hotel, which was the largest in Maine at the time of its completion,[7] was built by John Bundy Brown, at a cost of $300,000, as a symbol of Portland's resurgence after its great fire of 1866. Designed by New York's Charles Alexander,[5] the hotel featured a granite facade, a black walnut interior and marble fireplaces.[8] One of its early proprietors was L. Stevens.[3] He was followed by E. A. Gilson, formerly of the St. Nicholas Hotel in New York City, who was in the role after the hotel's first renovation, completed in 1882.[7] Maurice, Baker & Co. pharmacists had a store on the hotel's ground floor in 1888.[9] The ground floor also became the home of the headquarters of the Maine Automobile Association[10] and the Maine Republican Party.[11]
After another renovation, it reopened as the New Falmouth Hotel in August 1898, when F. H. Nunns was its proprietor.[12][13] In 1902, Nunns stated to The Hotel Monthly that the hotel was the first to use a card register. The process had a slow uptake because certain states were required by law to maintain a book of guests' names "for police or other regulation."[14]
In the early 20th century, National Liberty Insurance Company of America had on office on the hotel's ground floor. Its agent was Frank R. Kugler (1877–1959).[15] In 1913, the hotel's proprietor was J. J. Pooler,[16] while in 1928 it was Harry Bridges.[10]
In 1920, Carleton Glidden (1874–1924)[17] purchased the hotel. He had been the manager of the nearby Congress Square Hotel.[18]
By the late 1950s, the hotel's popularity had waned. It closed in early November 1958,[19] and was purchased by the City of Portland in 1963, shortly after which it was demolished.[8] It was replaced by today's Canal Bank Plaza in 1971.[8]