The hospital, however was closed in 1950, as the mining operations began shutting down and medical services were available in the neighboring community of Cottonwood, where many of the staff transferred to.

The former hospital was purchased by Larry Altherr from Phelps Dodge Mining Corporation in 1994, and was renamed the Jerome Grand Hotel, opening for business in 1996.

The Jerome Grand Hotel is well noted to be the highest commercial building in the Verde Valley, being at a height of 5240 feet above sea level.

The 30,000 square foot building was designed to be fireproof-not one piece of wood is in the framework-and also earthquake proof, as it needed to withstand not only the rumblings of Mother Nature but also the blasts of 260,000 pounds of dynamite.

The Kewanee Boiler also utilizes a dual pump feature, so it need not be shut off for maintenance nor repair, insuring consistent pressure and warmth throughout the building.

Many guests and hotel staff have heard and seen what appears to be a 4 or 5 year old child running down the hallway on the 3rd floor, sometimes crying or laughing.

Staff as well as guests frequently report bedside table lamps and televisions being unplugged, shampoo bottles rolling across the floor or flying across the room.

Front Desk staff, particularly the graveyard shift, have reported hearing coughing and sneezing from the hotel's laundry room, seeing shadows in the same area of whom they believe to be Claude Harvey, the hospital's maintenance man who was found dead on April 3, 1935, pinned beneath the Otis elevator, presumably murdered.

During its hospital days, many deaths occurred from illness or injury, but also some rather suspicious in origin, like that of maintenance man Claude Harvey.

No autopsy was allowed to be performed, nor x-ray taken, as the United Verde Copper Company, who owned the building, did not want suspicion pointing in their direction as accident nor intent.

Only one other known death since the hospital closed down in 1950, that of Manoah Hoffpauir, a local man hired by Phelps Dodge Mining Company to be a presence in the vacant building, hoping to offset the years of vandalism.