The Palace of Versailles , specifically one of its rooms, will be converted into a luxury hotel. This is the beginning of a series of projects that are related to exploiting the economic potential of protected French buildings, thus ensuring their renovation. The Hotel du Grand Controle is going to become a "luxury hotel," explained Jean-Jacques Aillagon, president of the Palace of Versailles.
The opening of the establishment of 23 rooms, where some rooms overlook the "Orangerie" is scheduled for late 2011. The palace, considered one of the greatest achievements of French art of the eighteenth century, is one of the tourist attractions Europe most important. Famous for its Hall of Mirrors and for being the home of the French court from 1682, the complex was transformed and expanded by King Louis XIV making it a monument to royal greatness and absolutism. 
It remained the official seat of power until the French Revolution in 1789, when Marie-Antoinette fled the palace through a secret passageway. The concession has been awarded to the Belgian company Ivy International SA, which has been in charge of the renovation and development of this type of building for more than 30 years. Built in the 1680s by architect Jules Hardouin-Mansart, the 1,700 square meters (18,000 square feet) of the Hotel du Grand Controle was used as a casino officially until 2006.
Aillagon explained that the building was handed over to them in a very dilapidated state and that in reality, their task is to "save" it. Ivy will pay for the renovation works, about 5.5 million euros. The company will pay an annual canon to Versailles for the lease of the building .