Published: Aug 21, 2012 5:59 PM EDT
Updated: Aug 21, 2012 6:01 PM EDT

NAPLES, Fla.- The Inn on Fifth in downtown Naples is undergoing a major face-lift, as it gets ready for what owners say could be the best season yet.

It's a $2 million renovation project that just started last week.

Hotel owner Phil McCabe says after 16 years, it is time for an upgrade. "The style has really outdated itself from the financial crisis to today, the style is changing in hotels very rapidly to a more contemporary look," he says.

Over the next 6-8 weeks, the 80 plus rooms and common areas will all be outfitted with new furniture, paint and modern decor.

McCabe says they'll work on one third of the hotel at a time, so they can remain open during the renovation process. He says they chose the slowest time of the year to do the work, so it can be ready in time for the 2012 season. He plans to have the first phase complete by Labor Day weekend.

He says the economy is also a key factor when it comes to making this kind of investment, and 5th Avenue saw its best season to date in 2011.  "I see a very strong economy going out. I see this coming season being our strongest season ever," he says.

Directly across the street, work continues on the Inn of Fifth expansion, which will feature 32 new rooms. The new building will also have retail shops on the first floor. McCabe expects to have that building complete and open in December. That project is about $16 million.