Ādolfs Sīlis had managed Catthorpe Manor (Straumēni) since 1976, and after Latvia regained its independence and more and more Latvians were visiting their homeland, he proposed acquiring a building in Riga to use as a modern hotel. Following agreement by the general meeting of the Latvian Welfare Fund, activity started to gather funds and find a suitable property. This was found in Vecrīga (the Riga Old Town) and was acquired for 420,000 US dollars. The rebuilding project was led by the architect Juris Poga, and inaugurated on 26 March 1995. The fifth floor of the hotel housed a room commemorating the celebrated member of the World Federation of Free Latvians, Jūlījs Kadelis. His portrait, painted by A. Kampars, was hung here along with a painting by Niklāvs Strunke “Dievs, Tava zeme deg” (God, Thy earth is aflame), as, in this very spot Strunke had had his studio before World War Two. The hotel was fully opened on 10 November 2000. In total, The Latvian Welfare Fund had invested 1.5 million Lats (the Latvian currency at the time). On its 15 year anniversary, a book was published, in which Astrīda Jansone brought together the recollections of Ādolfs Sīlis, Juris Poga and others involved in the building. Large sums from the hotel’s profits were donated for charitable purposes in Latvia.

The hotel was sold to Estonians in 2019.