Refurbishment (noun)

1. The act of refurbishing or the state of having been refurbished, especially the process of restoring or renovating something to a better condition.
2. The process of making improvements, repairs or modifications to a building, a piece of equipment or a system to extend its life or improve its performance.

Origin:

Formed from the verb 'refurbish' meaning 'to restore or renovate', the word has been in use since the 19th century.

Examples:

1. The refurbishment of the old hotel transformed it into a modern and stylish destination.
2. The refurbishment of the stadium improved its facilities and made it more attractive to fans and events.
3. The refurbishment of the airplane fleet was necessary to ensure safety and comfort for passengers.
4. The refurbishment of the museum's collections was done to preserve and showcase important artifacts.
5. The refurbishment of the train station created a more welcoming and efficient hub for travelers.