The history of the luxurious Gresham Palace in a nutshell
We’ve briefly compiled for you the story of this magnificent palace, so the spirit of this fabulous place can fully permeate you during your visit.
The predecessor of the Gresham Palace at the Pest end of the Chain Bridge was the Nákó Palace, which was built in the 1800s by an extremely wealthy Greek merchant family. This building was singled out as a rental property by the renowned Gresham Life Insurance Company from London, which took possession of it in 1880. After a few years of use, the company decided to construct its own new building in place of the Nákó Palace. And the majestic Gresham Palace was completed in 1906, following a huge investment and based on plans by renowned Hungarian architects.
The illustrious tenants of the palace, among them directors-in-chief, bankers, merchants, doctors and lawyers, were able to enjoy their almost aristocratic lifestyle within the walls of the stately building until the Great Depression, but as a result of the crisis the company withdrew from the country. After the Second World War, the fate of the Gresham Palace took a downturn: the building was nationalised, the luxurious suites were replaced by puritanical flats, and the state of the building deteriorated rapidly. The eventual fate of the palace was decided in the second half of the 1990s: the goal was for the Four Seasons hotel to move into this unique property. The extensive refurbishment works lasted until 2004, when the Four Seasons Gresham Palace Hotel opened to welcome its distinguished guests.