Alasia has a very chequered history and goes back to 1873, when the building was constructed and towards late 1930, this was used as banking establishment. In 1938, C.J. Tidwell purchased the property and was granted permission to convert the Bank into a Hotel on 4th November 1941. The Hotel was named `Alasia' in honour of Pearl Alasia, a shrewd businesswoman and a close associate of Tidwell. In 1949, Major and Mrs. Cosscrat, who operated the hotel until their return to England in 1960 purchased the `Alasia'. Major Robert Hotz and Mrs. Mary Hotz managed the Hotel from 1960 to 1966, when, finally they sold the hotel to what was then, Hotz Hotels Pvt. Ltd. (now Hotz Industries Limited). Alasia Hotel acquired reputation for excellence in warm hospitality. Its pastry shop and ice cream parlour too, were par excellence. In the last 1950's an ice cream cone at the hotel was priced at eight annas. In 1960 when the ownership was transferred to Hotz, the hotel became an important center for wining and dining.