The total cost of building the villa was 5 million Crowns. Its technical equipment was at the highest level of development at the time. It could only be compared with the technical equipment of the Otto Petschek villa in Prague, which was also completed in 19330 and cost 300 million Crowns.
Otto Petschek was a German-speaking banker and industrial magnate. His estate includes a botanical garden with many exotic plants, including a new variety of mountain aster, Aster amellus “dr. Otto Petschek” specially bred for the client. Currently, the villa serves as the residence of US ambassadors to the Czech Republic, as well as the residence of US presidents during state visits. Among others, George H. W. Bush, George W. Bush, and Barack Obama have been there.
