Holyrood PalaceHol‧y‧rood Pal‧ace /ˌhɒliruːd ˈpælɪs $ ˌhɑː-/ (also ˌHolyrood ˈHouse)a large building in Edinburgh, Scotland, owned by the British royal family. It was formerly the home of the Scottish royal family, and mary queen of scots lived there in the 16th century.