Inside InStyle + HFPA's Miss Golden Globe 2015 Party

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Greer Grammer is Miss Golden Globe 2015! The 22-year-old daughter of Kelsey Grammar and make-up artist Barrie Buckner was revealed last night during the Hollywood Foreign Press Association and InStyle’s star-studded event at Fig & Olive in West Hollywood, where the young star dazzled in a Patricia Bonaldi dress, Armani shoes and clutch, a Haati Chai cuff, Brumani and Sethi Couture rings, and Erickson Beamon Rocks earrings.

"I'm so excited. I'm still in shock!" Grammer tells InStyle. "Since it's been such a secret, I haven't been able to tell anybody. So it hasn't hit me yet. But it really means a lot to me. I grew up watching the Golden Globes, and I have friends that have been Miss Golden Globe before, so it was something that I always wanted to do. The fact that it's happening, I just can't even believe it."

Miss Golden Globe 2015 wasn't the only guest dressed to the nines at the party—the event was packed with stars including Sarah Hyland, Nikki Reed (in Sachin & Babi), Zach Braff, Lizzy Caplan, Abigail Spencer, James Marsden, Justin Theroux, Kate Walsh, Jenny Slate, Michelle Monaghan, Matt McGorry, Gugu Mbatha-Raw, and more. "It's so fun to kick of awards season with InStyle at this party," Spencer says. "This is always a great shindig with great people."

After the big announcement was made, attendees mixed and mingled, enjoying each other's company. "It's always cool to catch up with people," Braff shares. "As actors, we're like traveling carnival people. You rarely ever see people that you know and love. And one of the great things about these sort of events is you get to catch up with old friends."

Braff wasn't the only one to share that sentiment, many of the stars were also excited for Hollywood's biggest time of year. "Awards season is great because of the fashion and the friends," says Hyland (in Giulietta, Jimmy Choo shoes, and a Lee Savage clutch). "Seeing old friends that I haven't seen in a really long time is always fun." Others just couldn't wait to see Greer up close: "I love to see celebrity's daughters all grown up," Caplan reveals. "Don't we all?"

Watch Greer Grammer make her Golden Globes debut during the 72nd annual Golden Globe Awards, airing live Jan. 11, 2015 on NBC.

PHOTOS: Go Inside the Miss Golden Globe 2015 Party!

—With reporting by Brianna Deutsch

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Sarah Hyland

"Awards season is great because of the fashion and the friends," says Hyland (in Giulietta, Jimmy Choo shoes, and a Lee Savage clutch). "Seeing old friends that I haven't seen in a really long time is always fun."

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Zach Braff and Michelle Monaghan

"It's always cool to catch up with people," Braff (in Dior) shares as he caught up with Monaghan (in Roksanda). "As actors, we're like traveling carnival people. You rarely ever see people that you know and love. And one of the great things about these sort of events is you get to catch up with old friends."

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Nikki Reed

"I've never worn this color. I love it!" Reed (in Sachin & Babi) reveals. "The matchy-matchy thing with my lip and dress is new to me, and I'm really digging it right now."

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Tracee Ellis Ross and Justin Theroux

Guests mixed and mingled at the he star-studded event, which took place at Fig & Olive in West Hollywood.

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Greer Grammer

"I'm so excited. I'm still in shock!" Grammer tells InStyle of being named Miss Golden Globe 2015. "Since it's been such a secret, I haven't been able to tell anybody. So it hasn't hit me yet. But it really means a lot to me. I grew up watching the Golden Globes, and I have friends that have been Miss Golden Globe before, so it was something that I always wanted to do. The fact that it's happening, I just can't even believe it."

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Maria Menounos and Matt McGorry

"I like the partying a lot," McGorry (in Seize sur Vingt) shares. "I like the surprise of seeing people that I wanted to meet and whose work I admire."

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Gugu Mbatha-Raw

"I've never worn a leather dress before," Mbatha-Raw (in Gucci) says. "I just love the fact that it's got this sort of rock chick vibe, but it's also kind of prim."

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James Marsden and Lizzy Caplan

"I love to see celebrity's daughters all grown up," reveals Caplan (in Prabal Gurung). "Don't we all?"

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Katie Findlay and Alfred Enoch

To celebrate the incredible night, attendees sipped on Moet champagne, nibbled on small bites, and took snaps in a photobooth.

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Abigail Spencer

"It's so fun to kick of awards season with InStyle at this party," Spencer (in a Saint Laurent suit, YSL shoes, and Jill Milan clutch) says. "This is always a great shindig with great people."