Princeton Inn was conceived of by a group of University alumni and trustees in 1914 who recognized the need for a hotel to comfortably house the families of students and other visitors in close proximity to campus. With financing from alumni who purchased stocks the Princeton Inn Company was incorporated, and the Inn itself was completed in 1925. A large structure, it was located overlooking the Springdale Golf Course and was operated as a functioning hotel until 1970 when it was sold to the University for the sum of one dollar. The University utilized the space as Princeton Inn College.
From the description of Princeton Inn records, 1914-1970. (Peking University Library). WorldCat record id: 74215228