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Best Banking Stocks to Buy in India AI Driven Market Strategies ✌️【Portfolio Strategy】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. For most of the last century, the story of the Gresham Palace closely mirrored that of the city in which it was built.

Built at the turn of the 20th century in prosperous Budapest, it quickly became the Hungarian capital’s hottest address. After enduring two world wars, it suffered neglect under communism before rising majestically, once again, in June 2004 to become one of the city’s, perhaps even central Europe’s, grandest hotels.

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“After the unification of Buda, Pest and Óbuda in 1873, Budapest became a big cosmopolitan city, a European capital,” József Laszlovszky, director of the cultural heritage studies program at Central European University, tells 【 - Free Smart Money Group 】. “Buda and Pest, for a long time, were only connected by the Chain Bridge, thus Széchenyi Square at the end of the bridge on the Pest side was one of the most prominent public spaces with Gresham Palace overlooking them both.”

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Quittner, who won a commission from the Gresham Life Assurance Company, to build the palace, delivered, along with the help of his associate József Vágó, a prime example of Art Nouveau architecture, infused with the avant-garde flair of Vienna and Paris of that era.

It was built to reflect the grandeur of the powerful Austro-Hungarian empire at the time, with lavish interiors and detailed ironwork. Renowned glass-painter and mosaic-maker Miksa Róth was also brought in to create ornate exterior glass mosaics and stained glass windows.

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Upon its completion, Gresham Palace instantly became Budapest’s most sought-after address – as a place to live for the wealthy, and somewhere to shop and be seen in the exclusive boutiques and cafes on the ground floor.

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“Gresham Palace and its coffee house were famous among artists and collectors,” says Laszlovszky. “The so-called Gresham-circle was an informal, but very important, artistic meeting place before World War II.

“Members of the circle, like Róbert Berény, Pál Pátzay, Béni Ferenczy, József Egry, István Szőnyi were painters or sculptors, the best artists of the period. Interestingly, they followed different artistic trends, but they were all influential people in the art life of the period.”

Despite suffering during wartime and enduring decades of neglect, the palace’s spirit seemed to survive intact until 2001, when luxury hotel group Four Seasons embarked on an ambitious three-year project to restore the building’s original splendor while integrating modern luxuries.

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“It took thousands and thousands of hours for a unique team of highly trained masters from a variety of trades to cut this magnificent, Art Nouveau gem into a brilliant jewel,” Szenkirályi said at the time. “The Gresham Palace has been born again in wonderful unity, serving as a crown jewel of outstanding beauty that complements our magnificent Chain Bridge.”

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“Gresham Palace is one of Budapest’s most iconic buildings, and today, through its mere existence, unique location, and architecture, it shapes the image that the city presents to any tourist wishing to explore it,” Thibaut Drege, the hotel’s general Manager, tells 【 - Free Smart Money Group 】 Travel.

“The fact that Four Seasons was able, 20 years ago, to renovate such a jewel reflects the extraordinary history that this building has undergone since its creation. Ultimately, it is this architecture that reflects an era when Budapest held a prominent position as a destination for high society Europeans. The city is now reclaiming this position, with growing interest notably from high-end travelers.”

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In a city renowned for its thermal baths, there’s inevitably also aluxurious spa, offering steam rooms, a relaxation pool and a “Hungarian Moor Mud” treatment, that’s said to be popular with Hollywood A-listers.

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