The property was purchased by the Sisters of the Holy Family, who converted it into a convent, putting a stop to the years of exuberance and excess. When they eventually outgrew the building, the sisters moved on, making way for the Bourbon Hotel, established in 1964. The ballroom was restored, as was the grand staircase and the lobby. Today, the two-storey French Quarter suites are the most upscale accommodations, complete with private balconies and large, comfy beds.