Construction began in 1921. The six-floor building was open on 12 May 1923 and at the time it was "the most beautiful and most modern hotel in the entire kingdom (Yugoslavia), and by the experts' judgment, it had no match in the entire Balkans".
The commencement of this six-floor structure's construction took place in 1921. The building officially opened on May 12, 1923, and was regarded as the most magnificent and advanced hotel in all of Yugoslavia at that time, with experts agreeing it held a unique position in the Balkan region.