The mural, titled "The Pied Piper of Hamelin," which has been on display at the bar of The Palace Hotel for more than 100 years, is back.
The painting was brought back to the hotel Thursday afternoon in time for its evening unveiling.
The iconic art work will be back behind the "Piper Bar" at the hotel where it has been for decades.
Kyo-ya Hotel management restored Maxfield Parrish’s painting over the summer.
The hotel floated the idea of selling the painting at Christie's auction house, but stood down following public outcry.
The painting is one of San Francisco's little known cultural treasures. It is valued between $3 million and $5 million.
It is the work of Maxfield Parrist, who is a famous American artist from the first half of tht 20th Century.