The Palace Hotel is a landmark historic hotel in San Francisco , California , located at the southwest corner of Market and New Montgomery streets . The hotel is 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 . The present structure opened on December 19 , 1909 , on the same site as its predecessor . The hotel was closed from January 1989 to April 1991 to undergo a two-year renovation and seismic retrofit . Occupying most of a city block , the hotel 's now more than century-old nine-story main building stands immediately adjacent to both the BART Montgomery Street Station and the Monadnock Building , and across Market Street from Lotta 's Fountain
1906 San Francisco earthquake
1906 San Francisco earthquake
Palace Hotel, San Francisco