Terence Martin sold the Martin Hotel to William Prescott in about 1901, and the name was changed to the Prescott Hotel. William Prescott had previously owned the Prescott Hotel in Grand Forks from 1889 to 1900. In 1910, the Prescott was advertising 50 rooms with electric lights, steam heat, and "baths convenient to every room" for $1.50 to $2.00 per day on the American plan. The hotel had a parlor on the second floor and a dining room.
In about 1913 Mr. Prescott sold the hotel and he and his wife began operating the Hotel Dacotah. The hotel went through several owners before in came into the hands of S. A. and Anna Case.
The hotel was the site of a famous Fargo murder. On June 7, 1921, 18-year-old Marie Wick was found brutally assaulted and murdered in her hotel room. The hotel clerk, William Gummer, was accused and found guilty of the crime. Mr. Gummer spent nearly 23 years in prison after his conviction, before he finally was pardoned in 1944.
By 1922 the hotel had been sold to David W. Shields, and became the Shields Hotel. The YWCA took over the building in 1942, and it was torn down in 1977.