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In February 2001, the structure was sold by the Hungarian government to the Italian Boscolo Hotels chain for US$8 million. The building was completely renovated and reopened on May 5, 2006 [3] as the New York Palace - A Boscolo Luxury Hotel, a 107-room luxury hotel, including the restored New York Café.
In 1978 the Boscolo Family opened its first Hotel in Sottomarina. During the following 40 years the business grew under the Boscolo Hotels brand and further openings and acquisition were made, including hotels in the main italian art cities ( Rome , Florence , Milan [ 1 ] ), Nice , Lyon , Budapest and Prague .
On the Nagykörút one can find (from north to south) the Comedy Theatre (Vígszínház, 1896), Western Railway Station (Nyugati pályaudvar, 1877, built by Gustave Eiffel's team), Radisson Blu Béke Hotel (1913), Corinthia Hotel Budapest (former Grand Hotel Royal, 1896), the New York Café, today Boscolo Budapest Hotel (1894), and the Art ...
Palace Chapel (ca. 15th century) University Church (1715–1771). Gellért Hill Cave, national chancel (1931). Saint Anne Parish (1761). St. Catherine of Alexandria Church (1749). St Elizabeth of the House of Arpad Parish Church (1895–1901). Our Lady of the Snows Parish Church (1694). Church of Stigmatisation of Saint Francis (1757).
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