luxury listed properties for sale Bucharest, Romania

Located in the Historic Center of Bucharest, Kiriazi Hotel is a property of remarkable historical value, set on a 1,015 sqm plot at the intersection of Blănari Street and Băcani Street, in the immediate vicinity of the iconic Hanul cu Tei. The property benefits from a privileged position within the protected Lipscani area — a historic “lipscănie”-type commercial ensemble, unique in Bucharest and rare at a national level — offering direct access to major urban landmarks such as Lipscani Street, Calea Victoriei, Smârdan Street, and Calea Moșilor. The building is configured as basement + ground floor + two upper floors (S+P+2E), comprising commercial spaces at the basement and ground floor levels and leased residential units on the upper floors. These functions have remained consistent throughout its evolution — commercial activity combined with residential and temporary accommodation use, characteristic of the traditional inn-hotel typology. Constructed in its present form between 1882 and 1884, the building is organized around an interior courtyard and features two principal façades facing Blănari and Băcani Streets, preserving a high degree of architectural and compositional authenticity. The parcel has formed part of the city’s historic urban fabric since the 18th century, when it was occupied by Zamfir’s Inn, erected during that period and later owned by the Sărindar Monastery until the secularization of monastic estates in 1863. Analysis of historical sale and redemption documents indicates that Dr. G. Kiriazi initially acquired portions of Zamfir’s Inn through emphyteusis rights, subsequently purchasing the associated land. Following these acquisitions, he established the hotel along the eastern wing of the former inn, oriented toward Băcani Street, with contemporary press references documenting the early operation of Kiriazi Hotel. After successive acquisitions completed by Dr. G. Kiriazi in 1880 and 1882, Kiriazi Hotel was constructed as a representative example of late 19th-century public hospitality architecture. The building operated as a hotel until its nationalization in 1950, after which it was converted into a residential property — a function it retains today. The property holds significant memorial and symbolic value, being associated both with the personality of Dr. G. Kiriazi and with important cultural and social activities of the era. Within its premises operated Ștefănescu’s Tavern, a venue frequented by Mihai Eminescu, while the newspaper Voința Națională also maintained its headquarters in the building. The property is listed in the National Register of Historic Monuments (Category B). Historical documents and urban plans confirm that the former Zamfir’s Inn occupied the same footprint as the current parcel, extending along Băcani Street toward Lipscani and adjacent to Hanul cu Tei, disproving theories suggesting the inn had been located on the interwar site currently occupied by Club A. At the time of its inauguration, a description published in România Liberă on February 24, 1884 highlighted the remarkable standards of the period: „Stilul Rennaissance, 2 etage în Centrul Capitalei, lângă Lipscani, (…) avend 59 camere, admirabil iluminate și aerate, 2 prăvălii, 2 pivniți, grajd pentru 8-10 cai, șopron pentru 4-5 trăsuri, (…) telefon și telegraf la fiecare cameră”. Through its exceptional location, documented history, architectural authenticity, and functional continuity, Kiriazi Hotel represents a compelling long-term investment opportunity, offering significant restoration and value-enhancement potential in one of Bucharest’s most important historic districts.