This is soooo cool, and something I would have loved as a kid. I remember taking several blankets (none of which were ever big enough), and trying to make forts. This is already made, plus it has cute curtains!
Hang your wrapping paper on the back of the storage closet door for keeping during the holidays; just remove and use when needed. Install hooks, place dowels, and hang (ribbon spools too, and hooks for tape, scissors, etc).