It was designed by noted Czech architect Karel Filsak in the Brutalist style, and was constructed by the Czech national travel firm ČEDOK from 1968 to 1974.

[2] The hotel was owned by bank funds from 1990 to 1999, during the privatization process.

The interior was renovated in 2002, though certain original elements by designer Miloslav Hejný were preserved.

They sold it in 2013 to the Slovak-based Best Hotel Properties, owned by investment firm J&T.

It was sold again, in December 2018, to R2G, the investment group of Czech billionaire Oldřich Šlemr.