Capital One Arena will get a new look for the start of the 2018-19 NHL and NBA seasons.

Monumental Sports & Entertainment announced Thursday a privately funded $40 million renovation to the arena, which will include all new padded seats with cup holders throughout the stadium, revamped concessions and concourses and other changes.

“We are incredibly proud to be making this investment in a building that has played a key role in shaping our city, and that has been home to so many great memories for people across the DMV,” Monumental founder and President Ted Leonsis said in a statement. “These upgrades will ensure that the fan experience at Capital One Arena remains second to none.”

The renovation will also include the installation of a state-of-the-art sound system, new digital displays and two new premium lounges. The existing PwC Club will also get an upgrade and switch to being open to all event attendees.