A Princeton duo is renovating and restoring the historic Knox Hotel. The building dates back to the 19th century. The finished project will include 15 hotels room and a midsized ballroom.
Dane and Kelsey Stier of Princeton recently announced they bought the three-story hotel that’s located at the north end of Princeton’s Main Street. They plan to rent out space on the first floor as retail space and hopefully get some interesting shops that complement the hotel.
Their goal is to have 3 hotel rooms done on the second floor done by early fall and complete the whole project around 2023.
Dane has worked with the Bureau County Historical Society to learn more about the history.
The Stiers have a big passion for history, and the idea of restoring something on such a grand scale and a building with such character, was very intriguing to them.
Kelsey said the hotel contains a lot of character that’s just waiting to be dusted off and come back to life. She described the hotel as gorgeous and breathtaking.
The historical society’s curator David Gugerty said the building’s previous owners renovated the exterior and refinished the first floor.
Gugerty said the historical society is looking forward to the work because the structure is a premier building in Princeton's historic district; it is a National Register of Historic Places' property. He said the Stiers are committed to following the preservation standards, which is great news for the historic district.
He said it’s great to see the building used for its originally-intended purpose, and the Stiers work is also great because they’re revitalizing the space and making it an active part of the economy again.
Dane is a native of Princeton, and Kelsey is originally from the Detroit, Michigan, area.
Follow The Knox Hotel on Facebook to follow the project. You can visit the hotel's website by clicking here.