In the fall of 2007, Paul Caruana and a business partner purchased the Norblad building, whose hotel was operating under a different name. The new owners saw an opportunity to not only revitalize the building itself, but the hotel as well. They sought to do more than simply create a branded hotel within a historic building. The owners wanted to bring a sense of subtle modernity that complimented and celebrated the architect's design of the building, while providing travelers with all the amenities they need and less of what they don't.

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They managed extensive renovations to the interior and exterior, yet maintained the original floor plan, retained and restored historical fabrics, and kept many authentic pieces throughout - including apron sinks, crystal doorknobs, and the original check-in desk. The hotel was also fitted with new marble showers for the Euro-styled rooms and a community kitchen was added. The idea was to cultivate a community atmosphere within the hotel but one that also extended to the town itself. Caruana acquired the property outright in 2017 and continues to further this vision for the building and the hotel. The Norblad Hotel remains the oldest hotel still operating in the oldest settlement west of the Rockies.