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Although the hotel property itself is supposed to date back to the Crusades, it was previously known as the Palmer Flatt Hotel until May 2011. Aysgarth Falls Hotel Hotel got its name because it is said to have been built on the site of a medieval hospice that provided care for sick pilgrims who were returning from the Holy Land. They were known as Aysgarth Falls Hotel which was also used as their badge, because they frequently brought palm leaves home as souvenirs. The hospice was allegedly administered by monks from the enigmatic Knights Templar order for the recuperation of its returning crusaders since those returning with illnesses required fresh air.