Historic Location. Modern Experience. View fullsize Check Availability The Luxe Suite Newly remodeled 2 bedroom luxury suite located in Salida’s Historic Downtown, just steps away from the Arkansas River, Riverside Park, shops and restaurants. Amenities & Pricing About the Palace Hotel Established in 1909, the Palace Hotel was a premier historic boutique hotel located in Historic Downtown Salida, Colorado alongside the banks of the Arkansas River. Learn More Best Things To Do In Salida, Colorado Enjoy the Arkansas River, Monarch Mountain, hot springs, vintage shops, art galleries, boutiques and great food in historic downtown. There are countless activities to do in and around Salida. Plan Your Visit Book the Luxe Suite Check Availability