The Palace Theater is a movie theatre in downtown Hilo, Hawai'i in the United States of America. Built in 1925, the theater is one of the more prominent public buildings constructed in Hilo in the early 20th century. Architects Davis & Fishbourne designed the theater in the Beaux-Arts style. The two-story building has five bays on its front facade; a metal marquee divides the two stories. The three central bays feature broken pediments and decorative urns above the second-floor windows. A parapet with a balustrade runs along the top of the building. After the original theater closed, the Palace reopened in 1998 as an arthouse.