NMTC financing supported a construction loan for the rehabilitation of historic hotel in Clarksdale, MS, run by an artist co-op. In 2018, the Travelers Hotel opened to not only celebrate Clarksdale’s rich musical and artistic history, but to transform the local economy by creating a place where art and artists can thrive year-round. The Travelers Hotel makes Clarksdale a destination for both artists and art lovers of all kinds, while providing much needed community space and a variety programming for Clarksdale residents.
The hotel is managed by an artist cooperative. Artists work two to three days a week at the hotel and at its sister property, a general store and garden center called Collective Seed and Supply Co. The artists live above the general store and, with their basic expenses covered, are able to invest the rest of their time in their creative pursuits.