5 Star Luxury Boutique Hotel In The Centre Of Riga

A rare opportunity to acquire one of the Baltic region’s most distinguished hospitality properties. Gallery Park Hotel & SPA is a landmark five-star boutique hotel housed within a meticulously restored historic mansion dating back to 1875, combining timeless architectural heritage with world-class luxury hospitality.

Positioned directly opposite the Latvian Ministry of Foreign Affairs, the National Museum of Art and the Latvian Academy of Art, the property enjoys one of Riga’s most prestigious addresses within the city’s diplomatic and Art Nouveau district. Surrounded by embassies, luxury boutiques, renowned restaurants and overlooking both Esplanade and Kronvalda parks, the location is unmatched.

The interiors are distinguished by carefully selected historical and design elements that combine 19th-century European heritage with contemporary Italian design. The hotel features embossed leather crafted in Paris, 19th-century furniture and fireplaces from France and Russia, Italian Giallo-Nero marble, antique Persian carpets, Murano glass lighting, as well as works by renowned designers and brands such as Le Corbusier, Philippe Starck, Artemide, and Bisazza. The historic rooms were restored under the supervision of the Monument Protection Authority, while interior furnishings and objects were acquired from leading European antique galleries and auction houses, including Sotheby’s and Bruun Rasmussen.

The hotel occupies a 2,674 sq. m historic building situated on a 1,510 sq. m landscaped land plot featuring a private courtyard and summer terrace. The property offers 24 individually designed guest rooms and suites, complemented by premium amenities including a luxury SPA, indoor swimming pool, restaurant, wine room, bar, meeting facilities and underground parking with a car lift.

Each room has been thoughtfully curated with authentic antiques and selected 19th-century artworks, creating an atmosphere that reflects exceptional craftsmanship, heritage and exclusivity. The hotel’s intimate scale allows for highly personalized service and complete guest privacy, attracting international leisure travelers, diplomatic delegations, senior executives and high-net-worth individuals.

Beyond its established reputation, Gallery Park Hotel & SPA presents compelling long-term investment potential. The combination of its protected historic status, irreplaceable location, limited competitive supply and opportunities to further enhance wellness, concierge and luxury hospitality services positions the asset for continued capital appreciation.

Property Highlights:
- Historic mansion built in 1875
- Luxury boutique hotel with 24 rooms and suites
- 2,674 sq. m building on a 1,510 sq. m land plot
- Prime location in Riga’s diplomatic and cultural district
- Luxury SPA with indoor swimming pool and wellness facilities
- Fine dining restaurant, wine room, bar and meeting facilities
- Underground parking with car lift for 9/10 cars
- Protected architectural monument with exceptional heritage value
- Trophy asset with strong long-term capital preservation and appreciation potential