The former Palace Hotel in Bușteni, a historic landmark building for the Prahova Valley, has been put up for sale through Savinvest Imobiliare at a price of 1.55 million EUR, negotiable. The building, erected in 1907 at the initiative of writer Ioan Slavici and designed by architect Paul Smărăndescu, presents high potential for conversion into a hotel or leisure complex.
The property includes a building with a built area of approximately 7,700 square meters and an adjacent land lot of 4,300 square meters. Initially, the complex combined accommodation spaces with a casino and thermal baths fed by local mineral springs. In 1912, the property was purchased by Jean Th. Florescu, operating as an appreciated spa establishment until 1942. During World War II, the building was converted into an orphanage and later into a hospital, and between 1950 and 2000, it housed the “9 Mai” Children’s Home. Currently, the asset requires major restoration investments to reintroduce it into the economic circuit.
Frequently Asked Questions
What is the asking price for the former Palace Hotel in Bușteni?
The property is listed for sale at 1.55 million EUR, negotiable.
Who designed the former Palace Hotel in Bușteni?
The historic building was designed by architect Paul Smărăndescu and erected in 1907 at the initiative of writer Ioan Slavici.
What are the physical dimensions of the property?
The property features a building with a built area of approximately 7,700 square meters and an adjacent land lot of 4,300 square meters.