History
Gresham Palace was built in 1906 by the Gresham Life Insurance Company, as a way to invest in a solid source of rental income during a time in which it was prohibited to invest in stocks. The palace was named after the 16th-century English financier Sir Thomas Gresham, the founder of the Royal Exchange in London. In 1998, Gresco Investments Limited acquired the Palace and received approval from the Budapest Heritage Board to reconstruct it into a luxury hotel while retaining its original appearance of Art Nouveau architecture. Gresco raised $85 million for renovations and Four Seasons Hotels and Resorts agreed to oversee the reconstruction and manage the new property. The hotel reopened in June 2004 and has restored its history and nostalgia. The hotel currently houses 179 guest rooms, including 17 suites.
Read more about this topic: Four Seasons Hotel Gresham Palace Budapest
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—Noam Chomsky (b. 1928)
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—Dudley Nichols, U.S. screenwriter. Jean Renoir. Sorel (Philip Merivale)