The construction of Pag’s Benedictine Convent of St. Margaret began right after the new town of Pag was established, as a memorial to the former church and convent in the Old Town.
Pag’s Old Town is located a kilometre south of today’s town core. What used to be a large and rich town is today is an archaeological site and shrine. The Romanesque Church of St. Mary with a statue of the Mother of God has been preserved along with the remains of a Franciscan monastery.