Elvis Presley’siconic Memphis, Tenn. mansion,Graceland, will stay in the Presley family.

The King of Rock and Roll’s former home was passed down to his only daughter, Lisa Marie, after he died in 1977. It is now open for avariety of toursand overnight stays.

Christopher Polk/Getty for Wonderwall; Mick Hutson/Redferns

NASHVILLE, TN - JUNE 05: Musician Lisa Marie Presley poses at the Wonderwall portrait studio during the 2013 CMT Music Awards at Bridgestone Arena on June 5, 2013 in Nashville, Tennessee. (Photo by Christopher Polk/Getty Images for Wonderwall); UNITED STATES - circa 1970: Photo of Elvis PRESLEY and VENUES and GRACELAND; Elvis Presley’s house, Graceland (Photo by Mick Hutson/Redferns)

According to theofficial website of Graceland, the estate was left to Lisa Marie in trust when she was only nine years old, and the trust officially dissolved upon her 25th birthday in 1993 giving her full ownership of the home. She then formed The Elvis Presley Trust to manage the property alongside her mother,Priscilla Presley, and the National Bank of Commerce.

From L to R: Steve Binder, Harper Vivienne Ann Lockwood, Lisa Marie Presley, Baz Luhrmann, Priscilla Presley, Riley Keough, Austin Butler and Finley Aaron Love Lockwood.Axelle/Bauer-Griffin/FilmMagic

Elvis Director Baz Luhrmann Pays Tribute to Lisa Marie Presley After Her Death

On Thursday, Jan. 12, Lisa Marie wasrushed to the hospital for a possible cardiac arrestand died later that day at 54 years old. Priscilla confirmed her daughter’s death with PEOPLE.

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“It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us,” Priscilla said in a statement to PEOPLE Thursday evening.

Michael Ochs Archives/Getty

MEMPHIS, TN - CIRCA 1957: Rock and roll singer Elvis Presley strolls the grounds of his Graceland estate in circa 1957. (Photo by Michael Ochs Archives/Getty Images)

“She was the most passionate strong and loving woman I have ever known. We ask for privacy as we try to deal with this profound loss. Thank you for the love and prayers. At this time there will be no further comment.”

Todd Williamson/NBC/NBC via Getty

Lisa Marie Presley arrives at the 80th Annual Golden Globe Awards held at the Beverly Hilton Hotel on January 10, 2023 in Beverly Hills, California

On Friday, it was confirmed that she would be laid to rest at Graceland’s Meditation Garden next to her son Benjamin.

“Lisa Marie’s final resting place will be at Graceland, next to her beloved son Ben,” a statement from her daughter Riley Keough’s rep to PEOPLE read.

It is also the final resting place of Elvis, Elvis' mother Gladys Presley, Elvis' father Vernon Presley and Elvis' grandmother Minnie Mae Presley.

source: people.com