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Unfortunately, the academy closed after the Autumn Festival in 2009 for extensive renovations and will not be reopened for at least 2 years. Once known as the Royal National Hungarian Academy of Music, the academy has five buildings around the city, but the primary one is at this location. With a seating capacity of 1,000, it is Budapest's leading center of musical education and students come from around the world to study here. The academy was built in 1907 in its present form; the building's interior is decorated in lavish Art Nouveau style.