My research has identified 2 hotels in Kokomo: Mountain House and Clifton House. Here they are on the 1886 Sanborn map:
They both survived into the 20th C. Mountain House was spruced up for company housing in Dec 1910:
and Clifton House was advertising for a cook on Christmas day 1920:
Here are two photos from the late 19th C:
Mountain House was gone by 1929, but Clifton House was still there (and appears to still be in business):