San Francisco’s historic Payne Mansion, formerly a $10,000-per-night Airbnb booking in San Francisco’s Western Addition, is becoming a hotel called the Mansion on Sutter, and within it will be a new restaurant called the 1881 — all set to debut this fall.

The restaurant’s name is a reference to the year the Payne Mansion was built by Theodore Payne, a horticulturalist born in England who moved to California. It is listed on the National Registry of Historic Places.

Before embarking on its transformation into a hotel and restaurant, the property languished on the market for the last few years, its price fluctuating between $12 million and $13.9 million. It was taken over by Southern California hospitality entrepreneur Bernard Rosenson earlier this year.

At the helm in the 1881 kitchen will be Jean-Paul Peluffo who was recently at the French-Vietnamese restaurant Le Colonial. According to 1881 representatives, the menu will feature “French-inspired global cuisine.”

Aesthetically, San Francisco designer Timothy Quillen is matching materials and colors already in the space, in addition to bringing in Victorian and Art Nouveau accessories, furniture, and a collection of 19th and early 20th century art.

Justin Phillips is a San Francisco Chronicle staff writer. Email: jphillips@sfchronicle.com Twitter: @JustMrPhillips