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The Lalit Great Eastern offers 244 rooms and suites along with four restaurants and bars, the largest conference and banqueting facility in Kolkata, besides all other five-star deluxe facilities and services. In the meantime, Arathoon Stephen, Armenian from Isfahan had arrived in Calcutta and proceeded to make his fortune in the jewellery business. Acquired by the real-estate baron Arrathoon Stephen, it turned into a 3-story 500-room hotel.By the early 20th century he had put together a sizeable fortune and had purchased numbers 16 and 17 Chowringhee. Monk's boarding house and number 18 Chowringhee as well, and proceeded to develop all the properties together into the hotel that came to be known as the Grand Hotel. Acquired by hotelier Mohan Singh Oberoi in 1938, it became the Oberoi Grand. Marines' Ball at the hotel remind visitors of such times.

Labour union problems caused the hotel to worsen until a sensationalist news campaign by The Telegraph exposed the sorry state of the hotel in the 1990s.

The arterial Chowringhee Avenue, Eden Gardens and the Millennium Park and the associated 3 km long Riverfront beautification project border the Maidan.

The Maidan abounds with monuments and statues, the most famous of them being Shaheed Minar and the statue of ace footballer Gostho Pal.

Locally known as "Wilson's Hotel", it was also known as "Auckland Hotel and the "Hall of Nations" in the 19th century, and was referred to as the "Japani Hotel" (Japanese Hotel) colloquially in the 20th century, due to a large number of Japanese tourists there.

The hotel was extremely elite, referred to as the "Jewel of the East" and "the best hotel East of the Suez" by Mark Twain on his voyage along the Equator, and described by Rudyard Kipling in "The City of Dreadful Night".

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