John T. Monsch had this "European style" hotel built in 1871, in the Italianate style of architecture. The brick work was done by John Anderson and the stone work by John Diebold, both of New Albany. John B. Ford and the New Albany Glass Works were contracted for the glass.

Unfortunately, Mr. Monsch lost the hotel just two years after opening it. However, it continued to operate as a hotel through 1994, under numerous owners and at least ten name changes. The postcard below shows the hotel in 1910, when it was known as the Ashland.

The current owner purchased the building in 2013 and has undertaken an extensive rehabilitation, including conversion of the upper two floors of the building into twelve apartments.