Henry III granted the land between the Strand and the Thames to Peter of Savoy in 1246, and the palace was soon built. It later passed to Edmund, Earl of Lancaster, and in the late fourteenth century it became the residence of John of Gaunt. The article notes its tapestries, jewels and ornaments, and says the French king John II died there during captivity.
The palace was destroyed during the Peasants' Revolt in 1381. Henry VII later founded the Savoy Hospital on the site, with letters patent in 1512. It had cruciform dormitories, a chapel and a tower used as a treasury and archive. Most of the remaining hospital buildings were demolished between 1816 and 1820 for the approach to Waterloo Bridge.
The hospital chapel, St John the Baptist, survives as a Church of England church. The Savoy Hotel and Savoy Theatre now stand on the site.

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