The Terrace Inn was built during the fall and winter of 1910 and 1911 by Indiana Banker, William DeVol. The building replaced a cottage known as the Nash House that had been used as a restaurant. Mr. DeVol had the cottage razed and started construction of a new hotel in October of 1910. By June 1, 1911 it was ready for occupancy and was named the Terrace Inn. An advertisement of the time stated, “Electric lights and bells. Hot and cold baths on each floor. hot water heat. Good closets. Rates 2.25 to 3.50 per day.”
The hotel had 40 guest rooms, a kitchen, dining room, and lobby much the same as it is today. The exception was an open two-story balcony over part of the kitchen and the present stairway.
Mr. DeVol operated The Terrace Inn until his death in 1938. Mrs. DeVol and her son-in-law continued the business until 1942. The Inn has changed hands several times since then, with each owner adding their own improvements and changes to the hotel, while maintaining its historic and timeless appeal.
