The Pen-Mac Hotel was financed by Spencer Penrose and his business partner, Charles Mac Neil, hence the name Pen-Mac. The downstairs contained office spaces,
a restaurant run by Mr. Yeager, and later became home to the Penrose Press newspaper. The rooms upstairs were used as apartments for when Mr. Penrose and his various business partners came to town. Still standing in Penrose, the Pen-Mac Hotel is located on the northeast corner of Broadway and Grant, across from the VFW building. It has been remodeled over the years, and still contains business offices on the first floor with apartments upstairs.