Named for local businessman and community leader William A. Paxton, today the building houses luxury condominia.

[3] The building is located on the site of pioneer Omaha's magnificent Grand Central Hotel, which burnt down in 1878.

Another ran the Pacific Hotel in St. Joseph, Missouri and the third operated the Paxton,[4] as well as the Withnell House in Omaha.

[8] The hotel was the site of one of Omaha's grand "live" signs of the day, which was a Krug Brewing Company advertisement featuring a 20-foot (6.1 m) wide by 34-foot (10 m) tall beer stein with a Luxus logo.

In the United States presidential election of 1912 the Paxton housed the Progressive, Democratic and Republican parties, with dignitaries including Presidents Woodrow Wilson and Theodore Roosevelt registering as guests.

The Kitchen brothers sold the Paxton to Joseph Huckins III in 1930, with the sale was regarded as the largest real estate deal ever to take place in Omaha at that time.

National radio broadcasts during the 1930s and 40s featured the hotel's in-house big band, the Paul Moorhead orchestra.

[16] In 1950 the College World Series was held in Omaha for the first time, with teams staying at the Paxton throughout the duration.

It was decorated in a traditional Mediterranean style featuring carpeting on all floors and smoked glass mirrors on the lobby walls.