In 1908, Ginsburg decided to build on a former estate Zhevahovyh grand building. Building architect was Edward Bradtman. By the end of 1909 the building on the boulevard, 5, was mostly finished. In 1910 performed finishing work, and in 1911 construction was completed. Manor at the corner of Pushkin and began to rebuild in 1910, two architects AB Minkus and FA Troupyanskyy reconstructed building with three small houses along the street Pushkin in one large building new Palast Hotel. In spring 1912 construction is over. While the building leased by Jacob Karlovich Tsellermayer. Seven-story hotel building consisted of 150 comfortable rooms with all amenities. During the Soviet regime while it housed the German consulate, and residence of the Turkish Ambassador Mukhtar-pasha. During the war the hotel building was substantially damaged and in 1949 began the reconstruction. During the reconstruction of two buildings were combined into a single hotel complex. The only historic hotel, remained in Kiev, in 2001 became the first five-star hotel in Ukraine.