How did the restaurant get it’s name Versailles.?

I agree with Jason's answer

The best explanation I've read is that the building in Miami was originally a French restaurant called Versailles and when Felipe Valls, Sr. acquired it in 1971 he made it Cuban but kept the name and decor, which with its etched glass and statuettes had been designed to call to mind the French palace. On the website, it says that the name is "evocative of French palace grandeur but simple at heart."