Shalini Palace in the city of Kolhapur in the Indian state of Maharashtra was built in 1931-34 at a cost of Rs. 800,000 and was named after Princess Shrimant Shalini Raje of Kolhapur. The Palace stands on the west bank of the picturesque Lake Rankala (which has a circumference of 2.5 miles (4.0 km)) and is surrounded by towering palm trees, lush greenery and lovely gardens. The Palace is built of intricately carved black stone and Italian marble. Rich decorative wooden doorways fitted with etched Belgian glass bearing the crest of the Maharaja of Kolhapur, add to the regal grandeur. Majestic black stone arches form the verandah and the porch. The stained glass arches and the huge tower clock are restored to their original beauty. The palace has currently been converted into a 3-star hotel property in kolhapur. Shalini Palace is Maharashtra's first and only palace hotel.