Need an Olympic party venue? Maybe the Throne Room

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LONDON (AP) -- The parties will be at the palace -- at least during next year's Summer Olympics.

Queen Elizabeth II has given her approval to renting out state apartments at St. James's Palace as party venues during the 2012 London Olympics.

Buckingham Palace says holders of royal warrants -- companies with long-standing ties to the royal family -- will be given a chance to rent state apartments during the games, which begin on July 27 and last until Aug. 12.

A palace spokesman, who spoke on condition of anonymity, declined Monday to say which state apartments would be available. But the apartments include the Throne Room, the Tapestry Room and the Queen Anne Room.

The move is unprecedented, but also shows that even the queen has been affected by British austerity moves.