In many large cities, you will find beautiful historic hotel properties situated on prime real estate. Some have been abandoned and risk being demolished while others are still operating, but lack the amenities necessary to attract luxury customers. Rather than tear them down and start from scratch, a new trend sees hoteliers renovating and upgrading their properties to offer the best of both worlds - first class accommodations along with historic charm.

One such property is the Book-Cadillac Hotel in Detroit. Built in 1924, the hotel was once a destination for presidents and movie stars, but fell into decline in the 1980's. Having stood vacant for more than twenty years, it is now being reincarnated as the 455-room Westin Book Cadillac Detroit. Scheduled to open in late 2008, the property will feature condominiums, retail and restaurant space and provide full-time employment for more than 450 workers.

Even those with less illustrious histories are getting a new lease on life. In 1946, The Winecoff Hotel in Atlanta was the site of the deadliest hotel fire in U.S. history, but after undergoing a $28 million renovation has reopened as the 4-star Ellis Hotel on Atlanta's famed Peachtree Street. Oklahoma City's Skirvin Hotel has benefited from a $55 million renovation and is now the Skirvin Hilton.

Visitors to Boston can enjoy an unusual experience staying at the Liberty Hotel, formerly the Charles Street Jail. Once considered "unfit for human living", the renovated property celebrates its roots by retaining some of the jail cells amid the luxury accommodations. And after a $10 million renovation, Seattle's century-old Alexis Hotel is now a luxury destination in the heart of downtown, offering modern amenities in an art-filled atmosphere.