In 1959 the Salzburg Global Seminar purchased the palace, and in 1973 the adjacent Meierhof, which was part of the original Firmian estate. They have made extensive renovations and restorations to enable the palace to be used as a conference center and venue for events other than the Salzburg Seminar. In early 2014, 50 rooms in the Meierhoft, the Meierhof Café, and the reception area underwent a substantial two-month renovation. The renovation included 3 "The Sound of Music" themed rooms. In February 2014, the property reopened under its new name, Hotel Schloss Leopoldskron.