Gresham Palace

They commissioned local architects Zsigmond Quittner and Jozsef Vago to design the new structure, and in 1904, they began construction of the Gresham Palace, which was completed in 1906 and opened in 1907.

Originally, the palace served as an office building as well as a residence for senior staff of the Gresham company.

[1] In 1998, Gresco Investments Ltd acquired the building and received approval from the Budapest Heritage Board to reconstruct it as a luxury hotel while retaining its original Art Nouveau architecture.

They extensively rebuilt the structure as a luxury hotel, restoring such original details as a large staircase, stained glass, mosaics, ironwork, and winter gardens.

[3] In November 2011, the hotel was bought by the State General Reserve Fund of Oman, though Four Seasons continues to manage it.