A full narrative history section
The Old Faithful Inn replaced the Upper Geyser Basin Hotel, also known as the "Shack Hotel", which had burned down. The Northern Pacific Railroad, in the form of the Yellowstone Park Association operating company, was required by the terms of its concession to build a new hotel no closer than 1/8 mile of Old Faithful, a stipulation the Yellowstone Park Association observed to the letter. An initial design was prepared by architect A.W. Spalding in 1898, producing a design typical of the time, a turreted Queen Anne style hotel. The design was approved by the Park Service, but construction never started. Child instead hired Reamer to design a much more radical building with antecedents in the rustic camps of the Adirondacks. Design work took place in 1902, and construction started in 1903, with work continuing through the winter to open in 1904. The original cost of the Inn was about $140,000, using materials gathered from within the park. The hotel was furnished for another $25,000. Most of the logs came from a location about 8 miles (13 km) south of Old Faithful, where a temporary sawmill produced boards as needed. Stone came from the Black Sand Basin and from a site along the road to Craig Pass about five miles to the east. The unusually-shaped log brackets were collected from the surrounding forests.
Original design sketch, from YellowstoneInsider.com