It is the location of one of the three Catholicchapels in the parish, erected in 1887, was the last of the three to be erected, and the only one not to have a cemetery. The chapel here is known locally as Knockatallon Chapel, taking its name from a larger neighbouring townland to the south, but is officially called St. Joseph's Church.
Corlat has been somewhat revived in the late 1990s with the building of The Sliabh Beagh Hotel and Tourism Centre, on the site of the original Lady of Fatima Community Hall. It was officially opened on 29 November 2001 by then TaoiseachBertie Ahern. The centre is used to help drive tourism to the region, and also provides a staging point for many local walking routes, including the Sliabh Beagh Way.[1]