How about "Hotel Rand"? Any chance it is that? The Colorado token book has one listed as Rand, CO, but I wouldn't trust that attribution very much as it appears to have been wishful thinking on somebody's part. Yours looks like it was made by Wright & Co. of Cincinatti which would be further evidence against the Colorado attribution. In fact, there was a Hotel Rand in Cincy from ca. 1900 through the teens. The OH Book lists several varieties from the Hotel Rand, but not this one.
And, I am pretty sure it is made of brass like most tokens of that era were. Check with a magnet to make sure. Where did you find it - what state? That may help to narrow down the search.
John in the Great 208