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Paris Review - The Art of Editing No 2

Nobody Asked Me, But… No 266: Hotel History: The Palace Hotel, San Francisco, California

Hotel History: The Palace Hotel (1909), San Francisco, Ca (556 rooms): San Francisco and the Palace Hotel have shared a common heritage for more than 140 years. Inspired by a visionary developer, William Chapman Ralston, the Palace Hotel was known as the “Grande Dame of the West”, a hotel of timeless elegance and unprecedented opulence. It was designed by architect John P. Gaynor as the largest, costliest and most luxurious hotel in the world. To finance its $5 million cost, Ralston exhausted his Bank of California which collapsed in late August 1875. Soon thereafter, Ralston’s body was found floating in San Francisco Bay. Nevertheless, the Palace Hotel opened two months later on October, 1875. Nevada’s U.S. Senator William Sharon, one of Ralston’s partners, who was known as the “King of the Comstocks” ended up in control of the hotel when he paid off the Bank and Ralston’s debts with pennies on the dollar.

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