It is located on the south side of Oxford's High Street, where it was the first hotel in 135 years to be created in the city centre.

The main building of the Old Bank Hotel dates back to the 18th century, with number 93 not being erected until 1775 on a site owned by bankers John Parsons & William Fletcher called "George Hall".

[4] Local legend tells of former resident Prudence Burcote, a Puritan maid whose unrequited love of a Cavalier resulted in her suicide.

[citation needed] Although, according to Yurdan,[5] her burial records held at University Church of St Mary the Virgin opposite make no mention of this (which is not surprising, as people who died by suicide were not allowed to be buried on consecrated ground until 1823).

Nonetheless, a Cornish couple who later took up residence of the house reported a sighting of a figure in a long brown dress with a white fichu along with an array of flickering electrics and misplaced objects which they linked to the legend.