Past Forward: Reshaping icons, retelling stories
24.09.2025
Written by Mark Goodbrand
Director
Our cities are constantly evolving. Municipal buildings once at their heart and filled with civic pride become redundant with time and without creativity and investment can stand as monuments of a bygone era.
Breathing new life into these iconic buildings is complex in many ways, not least from an engineering perspective. Yet, they lend themselves to the hospitality sector because of their scale, architectural grandeur, and central locations. Their unique character creates a guest experience that new builds simply cannot replicate.
Savills reported that UK hotel investment reached £5.75bn in 2024, more than doubling 2023 levels.
For developers and investors, adaptive reuse offers a way to unlock value from buildings that are obsolete, while tapping into sustained demand for hospitality space.
Over the past 30 years, we've seen how audiences have become more sophisticated, shaped by travel, design, and culture. And how the definition of luxury has shifted with younger, global wealth setting new expectations for places that move beyond tradition.
For us, it's no longer enough to preserve grandeur as a backdrop. Today's icons must be adapted to deliver experiences - immersive, social, and memorable.
They must become destinations in themselves, places that bring new audiences and communities together. That's where our engineering not only preserves and derisks - but becomes a storyteller.
State of the Market
The ideal candidates for conversion
Adaptive reuse in the hospitality sector is inherently complex. From hidden structural conditions, to the balance of heritage and modern brand standards. How do you insert state-of-the-art spas, subterranean ballrooms, and 21st-century services into historic structures without compromising the buildings’ character and integrity?
Elliott Wood has converted a number of large, municipal and heritage buildings into high-end hotels. By working creatively and sensitively with these buildings, we achieve not only embodied carbon savings, but unique hospitality venues rich in history, that contribute significantly to the cultural identity and long-term sustainability of our cities.
Adaptive reuse beyond London
There is much that can be translated from our experience in London to creatively reinvent existing assets in other global cities.
Outside the UK, heritage reuse schemes are particularly strong in continental cities with rich architectural stock. At IHIF Berlin 2024, Marriott International announced its commitment to add nearly 100 properties and 12,000 rooms to its European portfolio through adaptive reuse and hotel conversions by 2026, representing more than 40 percent of the company’s European development pipeline expected to open during that period. Projects span the UK, Spain, Italy, and Turkey, in both the midrange and luxury market.
In the US, according to data from Lodging Econometrics, there are 6,280 projects with 737,036 rooms in the pipeline in Q2 2025. This represents a 3% year-over-year (YOY) increase in both projects and rooms compared to Q2 2024, and an 11% increase in the upscale/luxury pipeline.
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We see the value of retention not just in what is embedded in a structure, but as an act of stewardship that preserves cultural identity, reduces environmental impact and ensures these iconic buildings have a place at the heart of our cities for generations to come.