Palace Hotel is one of the well-known and luxurious hotels. It is also a proximity to the shopping areas of Dong Khoi and Nguyen Hue Streets, only a walking distance to Saigon River, HoChiMinh Status square and People Committee Building and many commercial buildings, traditional boutique shops and entertainment venues are all around the hotel.Built in 1968, the hotel has been under several times of renovation and the latest renovation was as the end of 2006.