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Colonel Eldridge promptly rebuilt the hotel and gave it his name, the Hotel Eldridge. To this day, the seal of the city of Lawrence depicts a phoenix rising from the ashes. Its motto is "from ashes to immortality".
The Eldridge Hotel stood until 1925 and continued to play an important role in the early development of Lawrence and the state of Kansas. By 1925, the hotel had begun to deteriorate. A group of Lawrence business leaders were organized by Billy Hutson to tear down and rebuild The Eldridge Hotel because of its importance to the city of Lawrence, and restore it to its former place of dignity and elegance. Billy Hutson fully committed himself and his life savings to the project. The community stepped forward and made the investment necessary to insure the success of this important undertaking.
By the late 1960's, trends had changed, motels were springing up all over the country and downtown hotels were becoming less popular. The Eldridge Hotel was not immune to these forces and it finally closed its doors as a hotel on July 1, 1970. (In fact, a key had to be made to lock the front door because it had been lost many years earlier.) The hotel was converted to apartments and so it remained until 1985. In that year, a Lawrence developer organized a group of investors to do just as Billy Hutson did decades earlier - commit to the noble notion that The Eldridge Hotel would live again. And so began the next rebirth and renovation of our historic hotel. The city of Lawrence supported this project by committing two million dollars in industrial revenue bonds to match the one million dollars in private money raised by the investors. The top four floors of the hotel were completely rebuilt and converted into 48 two-room suites.
In October of 2004 the hotel was sold at auction to a group made up of University of Kansas Alumni and local investors. After four months beginning in January 2005, during which the hotel was closed, a multi-million dollar renovation project restored the building to its original 1925 grandeur. Reopening in May of 2005, The Eldridge once again assumed its role as Lawrence's premier hotel, occupying the most historic corner in Kansas.