The Shalini Palace was built in 1931-34 at a cost of Rs. Eight lakhs was named after Princes Shrimant Shalini Raje of Kolhapur. The Palace stands on the west bank of the picturesque Rankala Lake (Circumferenc-2.5 miles) & is surrounded by towering palm trees, lush greenery & lovely gardens. The Palace is built of intricately carved black stone and Italian marble Rich decorative wooden doorways fitted with etched Belgium glass bearing the crest of the Maharaja of Kolhapur, add to the regal grandeur. The majestic black stone arches forming the verandah and the porch are breathtakingly beautiful. The stained glass arches & the huge tower clock are restored to their original beauty. On a moonlit night watching the reflection of the Palace in the placid water of Rankala from the Sandhyamath point is an enchanting experience.
Currently it is converted into a 3 Star Hotel.