Details
About the property
HOTEL PALACE BUȘTENI — Former Casino and Spa Establishment — Founded in 1907
A unique investment opportunity in the heart of Prahova Valley.
HISTORY
Built in 1907 by writer Ioan Slavici, one of the most important figures in Romanian literature, this monumental building has shaped the history of Busteni for more than a century. Sold in 1912 to Jean Th. Florescu, the property was transformed in 1915 into one of Romania’s most prestigious spa establishments, making use of the mineral springs in the area.
An elegant casino operated inside the building, and the mineral waters were used until 1942. During the Second World War, the building was converted into an orphanage for war orphans, operating under the name “9 Mai” until 2000.
TECHNICAL DATA
Total built area: 7,700 m²
Land area: 4,300 m²
Building footprint: 1,750 m²
Floor layout: Basement + Ground floor + 3 floors + Attic
Year built: 1907
Location: Busteni, Prahova County
Utilities: water, sewage, electricity, gas
Legal status: private property — not listed as a historic monument
Asking price: EUR 1,550,000 (negotiable)
CONVERSION POTENTIAL
— Luxury boutique hotel / resort — Premium tourist area, strong year-round demand, at the foot of the Bucegi Mountains, near Cantacuzino Castle.
— Private clinic / medical retreat — Ideal setting for a health and wellness center: mountain air, quiet surroundings, accessible from Bucharest in approx. 1.5 hours.
— Conference and events center — The generous floor area allows multiple halls, accommodation spaces, and supporting facilities.
— Luxury senior residence or educational center — The multi-room structure lends itself naturally to this use.
STRATEGIC LOCATION
Busteni is one of Romania’s most popular mountain resorts, located in Prahova Valley at the foot of the Bucegi Mountains. The town benefits from year-round tourism, with cable car access to Babele and the Sphinx, ski slopes, and renowned mountain trails.
Key distances: Bucharest — approx. 135 km (1.5 hours), Brasov — approx. 45 km (40 min), Brasov-Ghimbav International Airport — approx. 55 km, Peles Castle (Sinaia) — approx. 15 km, Cantacuzino Castle — approx. 2 km.