With $7.7 million in federal and state Historic Tax Credits and a $4.8 million bridge loan from Enhanced Capital, developers have transformed a former Catholic school and church into a boutique hotel, creating a new draw to the Faubourg Marigny neighborhood and supporting a key sector of the local economy.
The extensive redevelopment project converted four separate buildings – a church, rectory, convent and school – constructed in the 1800s into an event space available for weddings, parties and civic events as well a 71-room hotel that includes a lobby, bar and small café. The renovated building is called the Peter and Paul Hotel, a nod to the former space’s identity as the Saints Peter and Paul Catholic church and school.
After years of neglect, the newly revitalized building has activated the Faubourg Marigny neighborhood, adjacent to the high-tourist French Quarter area. The hotel offers an authentic New Orleans experience centered on arts, music and lifestyle for guests, which was central to the Faubourg Marigny neighborhood’s vision for this project.
The project opened near the end of 2018 and was recently praised in the Houston Chronicle as one of a number of developments marking a pivotal year for New Orleans’ important hospitality sector. Read more about the recent changes in the Houston Chronicle.