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Palace is Burning - Iconic Drag Shows Meet Culinary Excellence in the Heart of South Beach By Tom Teitjen For over 36 years, Palace Bar has reigned supreme on Ocean Drive in South Beach. The iconic drag revue serves up more than just food and drinks. It has earned its reputation as a must-visit spot with jaw-dropping drag performances that captivate large crowds of tourists, often seen spilling onto the street. But under the leadership of General Manager AJ Prasaguet, today’s Palace experience has evolved into something even more vibrant and unforgettable than ever before.