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The Wolf Hotel is a two and a half story, brick and frame building which opened to the public in January 1894. Saratoga, probably named for the famous spa in upper New York State, was a particularly popular focal point because of its hot springs, which were believed to have curative properties.

Frederick G. Wolf was a native of Germany who came to America in 1869 and eventually found his way to Rawlins, Wyoming where he became a foreman for the Union Pacific Railroad. Suffering from rheumatism, Wolf went to Saratoga in 1887 seeking relief for his illness at the hot springs. There he became involved in establishing the Wolf Hotel. The hotel is significant as a prominent piece of local architecture and as an early commercial establishment.