s It is known that the original construction was built in the 16th century, and that it is actually made up of the union of two stately mansions, of which the one that was originally located on the south side was the one that belonged, together with the so-called Plazuela de Guardiola to a man named Damián Martínez. These properties, although separated by an alley, were then located in front of the already busy and commercial Calle de Plateros, exactly in front of the
Convent of San Francisco el Grande in Mexico City. From the history of this property, being the owner Don Damián and seeing himself in financial difficulties, they find it necessary to sell this and the adjoining square to another gentleman named Diego Suárez de Peredo in the year 1596. Don Rodrigo inherited one of his properties that was attached to the house to his son (which was the North house), so Don Luis was the first of the family to inhabit the houses, which he ordered to unite and had them repaired. The current appearance of the palace is not due to Don Luis, it is due to one of his descendants, Doña Graciana Suárez de Peredo the Fifth Countess of the Valley of Orizaba. She lived in the city of
Puebla from her marriage until the death of her husband, in the year 1708. She then returned to the capital of the
Viceroyalty of New Spain and made use of the property. In 1737, the Countess ordered a repair of several buildings which she owned. She requested the stonework and facade of the palace be completely covered with
azulejos from Puebla. Diego Durán Berruecos worked on the arches, columns, skirting boards, doors, window cornices, as well as the balustrades. ==The rest of the house==