Bosses at the Mount Murray hotel have pledged to have it up and running again as soon as possible.
Although the accommodation block has been completely gutted, the function rooms, gym and other facilities are operational.
A spokesman for the hotel's owner says they will be working round the clock so that it's business as usual in those areas.
Brian Stowell, the technical director of the group which runs the hotel, says repairs will be costly:
Clip 1
Ramsey Commissioners to stop using AI images on website and social media
Juan McGuinness says it 'runs counter' to its support of local artists
Have your say about Isle of Man Post
Survey running until middle of January
Wildlife park animals to get extra treats on Christmas Day
Keepers try to provide extra enrichment activities for them
Setting a budget can help stop Christmas overspend, say financial advisors
Many people find themselves spending too much or using credit over the festive season
