The Blue Rose hotel is in a building with a long history. It already knew the great glory of Prague in the early Middle Ages under the rule of the Czech King Wenceslas I, who came from the purely Czech ruling family of the Premyslides and was a great supporter of knightly tournaments. A certain knight named Ojíř of Friedberg brought tournaments to Bohemia. It was said of him that he often exercised in the cool cellars of the building in Rytířská Street and then he was able to lay his heart and a blue rose at the feet of a lady. This is how the building acquired the name “U Modré růže” (The Blue Rose).

The first owner of the house whose name was preserved in manuscripts was the burgher Mikuláš od Věže, who bought the house in 1364. The next owner, the baker Pesslius of Domažlice, gave the building a new name – Domažlický dvůr. Later, apart from the baking of bread, beer was also brewed here and a public house was kept. In 1509 the building was purchased by the draper Kliment and the house was known for a time as U Kiliánů.

The original name of The Blue Rose was brought back in 1714 by the enterprising tradesman Budín, who renewed the ancient tradition and operated a wine and beer taproom here. Although the owners of this building changed quite often over the centuries, none of them changed the name of the building again.

Even after building alterations it has preserved its atmosphere and historical style. This applies from the Gothic cellars, where there is at present the Blue Rose Restaurant, up to the additional attics in the roof, where the rooms have a splendid view of Prague.