You may remember Jim and Tammy Faye Bakker from the scandals that surrounded them in the 1980s. They loved to spend donated money on excessive shows of wealth, like their Christian themed amusement park Heritage USA, and just like their televised empire it all came crumbling down.
Heritage USA is now an urban ruin, a place abandoned over twenty years ago, thanks to the IRS and Hurricane Hugo. Check out this series of photographs by Tommy and James at the links below, and you'll see how sad the Heritage USA park looks today. Does anyone else think it would make a great mini golf course?
Link --via i09
verb (used with object)
1. to restore to good condition; make new or as if new again; repair.
Seeing as the hotel was starting to fall apart, "renovate" is perfectly applicable. Your pedantry has no power here.