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.

The two-story building has five bays on its front facade; a metal marquee divides the two stories.

[1] The Palace Theater features a restored lobby with a cafe serving refreshments during movie showings, concerts and theatrical performances.

The theater itself features steeply banked amphitheater seating in three tiers, and a wonderful decorative proscenium frames the stage.