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
Festival of Motoring 'dream rides' take place today
Cars will be on Douglas Promenade between 12pm and 3pm
Drop-in session offers support for households ahead of rising winter costs
Support service says finances will be stretched for some over the coming months
Number of bus services 'at risk' today
No reason given by Bus Vannin
Check in advance which polling stations are accessible
Voters can now use any in their constituency
