The Palace Hotel is a landmark historic hotel in San Francisco, California, located at the SW corner of Market and New Montgomery streets. Also referred to as the "New" Palace Hotel to distinguish it from the original 1875 Palace Hotel (which had been demolished after being gutted by the fire caused by the 1906 San Francisco earthquake) that it was built to replace, the present structure opened in December 1909, on the site of its razed predecess...
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The Palace Hotel is a landmark historic hotel in San Francisco, California, located at the SW corner of Market and New Montgomery streets. Also referred to as the "New" Palace Hotel to distinguish it from the original 1875 Palace Hotel (which had been demolished after being gutted by the fire caused by the 1906 San Francisco earthquake) that it was built to replace, the present structure opened in December 1909, on the site of its razed predecessor. Occupying most of a city block, the now century old nine story hotel stands immediately adjacent to both the BART Montgomery Street Station and the Monadnock Building, and across Market Street from Lotta's Fountain.
The original Palace Hotel was built by San Francisco banker and entrepreneur William Chapman Ralston who heavily depended on his shaky banking empire to help finance the $5 million project. Although Ralston's Bank of California collapsed in late August 1875, and Ralston himself unexpectedly drowned in San Francisco Bay on the...
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