a palatial dorm room decorated with string lights, wall hangings, posters, lanterns, etc. generally having every surface covered with sexy objets d'art and putting surrounding dorm rooms to shame
"WOW! Have you seen Tara's room? She's really turned it into a BoHo Palace since her roommate went crazy and moved out."
"Bitch, that ain't no BoHo Palace. That's a BoHotel."