Opened in 1964, it was the first hotel in Monaco to accommodate patrons of the Casino, which was built the year before. It was designed based on the model of the Grand Hotel on Boulevard des Capucines in Paris, but has been transformed over the years. Once you pass the famous revolving door you'll discover a sumptuous setting. As you spend a few moments taking everything in, lay a hand on the hoof of the statue of Louis XIV's horse - it's meant to give you luck if you are here to gamble. There are other motivations though if gambling isn't your thing. The hall is spacious and glimmers in the light of the beautiful crystal chandeliers that illuminate the bas relief, the marble columns, and the big wall mirrors that reflect the luxury and the style that would have fit in nicely in Versailles in its heyday. The reception is a discrete little desk tucked away in a corner, facing the concierge service. Behind it are some jewellery boutiques. To the right is the magnificent Alain Ducasse restaurant, "Le Louis XV", with a sublime Empire-era reception hall further on, while to the left is an American-style bar bearing witness to the various styles and famous people that have visited the establishment. The atmosphere is hushed and there is a small stage where a band performs in the evenings. The palace is also equipped with a thalassotherapy centre and a spa with an outdoor seawater pool, a high tech fitness centre... in short, 6600m˛ devoted to well-being. The corridors leading to the rooms are spacious and well decorated.