This boutique hotel is a class act, and as far as we're concerned the only lodging in Carlsbad that is more than just a place to sleep. The handsome brick building was constructed in 1892 as the First National Bank, and over the years served various purposes. It had fallen into disrepair and demolition was being considered when in 2007 three local businessmen began a 2-year project to restore the structure and convert it to a small upscale hotel and restaurant. The result was this genuinely historic building that houses a boutique hotel with all the latest amenities and one of the best restaurants in southern New Mexico. It's decorated in the style of the late 1800s, with dark wood, light walls, and period-style furnishings, but also boasts queen- and king-sized beds, large bathrooms—some with whirlpool tubs and others with glassed-in showers—flat-screen TVs, and of course, iPod docking stations. Note: There are only two rooms on the ground floor and access to the seven second-floor units is by stairs only.