The Boscolo Budapest Hotel, formerly the New York Palace (Hungarian: New York-palota) is a luxury hotel on the Grand Boulevard of Budapest's Erzsébet körút part, under Erzsébet körút 9-11, in the 7th district of Budapest, Hungary. Built by the New York Life Insurance Company as a local head office, its Café in the ground floor named New York Café (Hungarian: New York Kávéház) was a longtime center for Hungarian literature and poetry, almost from its opening on October 23, 1894 to its closure in 2001, to reconstruct it into a luxury hotel, as it is now. The café was also reopened on May 5, 2006 in its original pomp, as was the whole building.