It means to renew or restore.
Renovated is the correct spelling.
Merle Haggard was born in a renovated box car.
Yankees Stadium was renovated during the 1974, and 1975 season reopening in 1976.
"Renovado"
A home that was foreclosed or bank owned (REO) and has been purchased and renovated to like new condition.
A renovated company
Yes, "newly renovated" is not hyphenated. In this phrase, "newly" serves as an adverb modifying the adjective "renovated," so there is no need for a hyphen. Hyphenation is typically used to connect two adjectives that together modify a noun, but in this case, the adverb does not require it.
confederacy
nothings
no!
Renovated. I think........
no