The Palacio Bellas Artes opened in San Sebastian on 1 July, housed in a 1914 landmark cinema designed by Ramon de Cortazar. The conversion keeps the Belle Epoque architecture and adds the fittings a hotel requires. As a building it is a success. As a pattern it deserves more attention than it gets.
Spain has an unusually large stock of protected early twentieth century buildings and a limited number of uses that can pay for their upkeep. A cinema of this vintage cannot operate as a cinema, because the economics of single screen exhibition ended decades ago, and a protected facade cannot simply be demolished. Hospitality is one of the few uses that generates enough revenue per square metre to fund the restoration.
The trade is real in both directions. The building survives, is maintained to a standard that public funding would rarely reach, and stays visible in the streetscape. It also stops being a place the public enters freely and becomes a place the public pays to enter, which is a change in what a civic building is for.
San Sebastian is a specific case because it has both the architectural stock and the visitor economy to make the arithmetic work. Cortazar built extensively in the city during the period when it was a royal resort, and the resulting inventory is exactly the kind that this conversion model preserves.
The alternative is worth naming plainly, because it is usually the real comparison. Protected buildings without a paying use tend to sit empty while the facade is maintained and the interior is not, and interiors lost that way do not come back.

