The Metropole Hotel/Mabley & Company store and Bedrock Headquarters are all the same building.
I've never heard that reasoning to why it was renamed the Majestic Building. According to the building's Wikipedia page:
Unfortunately, C. R. Mabley died before the building's completion and new owners used it solely as an office block. It was purportedly renamed the Majestic building to conform with the letter "M" [[for Mabley) carved in numerous places in its façade.[3]
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