For one hundred years, the Mansion House Hotel stood on South Main Street in Greenville, South Carolina. In 1924, the hotel was demolished to make room for the construction of the Poinsett Hotel. The price tag for the new hotel was 1.5 million dollars, and when it opened on June 20, 1925, it was one of the most beautifully furnished hotels in the country. However, during the first year of business, the hotel lost $30,000 and continued to lose money through the years of the Great Depression. Due to increased business during 1941, the hotel added 60 rooms bringing the total to 248 rooms. By the mid 1950's the motel industry boomed and city hotels became obsolete. In 1997 Steve Dopp and Greg Lenox, owners/developers of the historic Francis Marion Hotel in Charleston, purchased it and the extensive-and expensive renovation process began. Until early 1990, the Poinsett Hotel was considered one of the eleven most endangered historical sites in South Carolina. With the grand opening of the Westin Poinsett Hotel, the hotel's future is no longer be jeopardized and once again the City of Greenville will be home to "Carolina's Finest."