The inaugural hotel license granted within the town was awarded to the 'Riverstone Hotel' back in 1879. Situated on Riverstone Parade, it stood in close proximity to the railway station and near the intersection of Garfield Road. The earliest documented hotel keeper in Riverstone was J. Parrington, noted on August 21, 1879, as both a publican and a butcher.

It is probable that George Ireland, who held the license from 1883 to 1892, also acquired the adjacent butcher's shop during the same period. An article published in the Windsor & Richmond Gazette on February 4, 1993, mentioned that Ireland sold his butcher's shop to Jack Doyle after serving for ten years.

The licensees were –

1879 – 1882 John Parrington
1883 – 1892 George Ireland
1893 – 1909 Emanuel Joseph
1910 Thomas Buckley
1911 – 1913 Charles Watson

The hotel ceased operations permanently on March 23, 1914. The Gazette of January 22, 1915, reported that Tom Schoffel took over the hotel premises and converted them into a butcher's shop. In addition, the Gazette on June 11, 1915, stated that Mr. H. Saundercock had purchased the buildings across from the railway station and was currently demolishing them, including the old hotel and other small shops on the property. The site remained vacant until Conway's Newsagency was constructed on it in 1925.

During the 1890s, the Gazette documented the issuance of Colonial wine licenses to various individuals at different times, including Mr. Trautwein, Herman Wendel, John Mangold, T. Schofield, E. Meyers, G. Daley, J. Daley, Julius Schoffel, and Tom Schoffel.

Following H. Wendel's passing in 1901, his license was transferred to Mrs. Wendel and subsequently to Charles Davis. Charles Knight then assumed this license, and eventually, it was transferred to Wally Woods when he acquired his shop in 1949. (This shop is now known as AP Motor Spares, located in Railway Terrace.)

There was a second hotel in Riverstone, the 'Never Fail,' which was a two-story weatherboard building situated on the park-facing corner of Carlton Street and Garfield Road West. This hotel is believed to have been erected in 1886 under the ownership and construction of David Jackson. Land Title records reveal that David Jackson leased both the hotel and its license to George Solomon in 1887. In 1888, the hotel was under the management of Joseph and James Marshall.

The early records are somewhat perplexing, but it appears that Jackson sold the hotel in 1889 to Mary Kane. Subsequently, Mary Kane leased the property to John Thomas Neale in 1892. Following John's passing, his wife, Hannah Maria Neale, assumed the lease.

In 1891, the Gazette made note of E. Joseph as the licensee. On August 26, 1893, it was reported that E. Joseph vacated the Never Fail and assumed management of G. Ireland's Riverstone Hotel. Mary Kane, the owner of the Never Fail hotel, then took on the role of licensee.

According to historian Doug Bowd's book, it is claimed that A. G. East was responsible for opening the hotel in 1887.

On September 28, 1912, the Gazette reported the demolition of the old Royal (Never Fail) Hotel, which had remained vacant for some time.

The current hotel covers an area of approximately 2500 sqm. Acquired by a consortium in 2022, Brendan Hood become the new licencsee.