The Derecci Block (311-317 Broadway), in which the Fargoan Hotel was located, was built in 1913 by the Powers Brothers. The building was first used by the Y.W.C.A. as a rooming house. By 1927 the Fargo city directory listed the hotel as the Powers Annex Hotel. In November 1930, the Powers Brothers opened the newly renovated building, and named it the Fargoan Hotel. The lobby and lounge featured modernistic murals by Twin city artist Carl Olson. An advertisement in the 1932 Fargo city directory stated "Enjoy the best! at the Fargoan. Modern scientific equipment and management make it possible for you to enjoy the best in Fargo at the Fargoan - Bath - Showers - Tele. and the sleepingest beds in every room." In 1972, the Powers family sold the hotel to Orlando Scherling and Erwin Beilke. In 2006, the building was completely renovated by T. L. Stroh Architects into condominiums, with retail shops on the street level.