The Argo Hotel, listed on the National Register of Historic Places, was constructed in 1912. It is significant for its association with the building boom of second generation hotels that was occurring on Nebraska's statewide basis during the first quarter of the twentieth century.

The hotels built during this period, as exemplified by the Argo, were multi-floor, brick buildings that offered the most modern conveniences (such as indoor plumbing and gas or electric lighting), and catered especially to the businessmen who traveled on the railroad. Aside from providing pleasant quarters for travelers, the new hotels became the symbol of a prospering community with a bright future. For this reason, towns and cities of all sizes thought it was important to showcase a "modern" hotel as an indication of their prominent standing in the state. It is within this context that the importance of the Argo Hotel is realized. The building is also significant for its association with health and medicine. In 1940, the hotel was converted into a health clinic which provided a much needed service to Crofton and the surrounding area.

The Argo Hotel is completely remodeled and is privately operated as a Bed & Breakfast & Steakhouse with an elegant Dining Room, Speakeasy Bar, Cigar Room, Dance Floor, and 13 rooms featuring an early 1900's ambience.