The red carpet made its way across the USA and one of the earliest known uses in connection to Hollywood was during the opening of Grauman’s Egyptian Theater in 1922. That year, the Egyptian Theater hosted the first Hollywood movie premiere (Robin Hood, starring Douglas Fairbanks). It was at this event that the red carpet, and what it symbolized, was passed on to the newly found royalty of Hollywood.
The red carpet would still have to wait for 39 years before it found its new home, though.