Dariush Grand Hotel was built to look like Persepolis, a symbol of the ancient Persian (Iranian) civilization and the Persian Empire. The hotel was designed and developed by Iranian entrepreneur Hossein Sabet, who also owns and manages several tourist attractions and hotels in the Canary Islands. The hotel was completed in 2003 and is owned by a number of companies .
On May 7, 2004 it was announced that the Rezidor Hotel Group would manage the Dariush Grand Hotel for ten years, with the intention of rebranding the hotel as a Radisson SAS property in the future. In 2006, Rezidor and the owner of the hotel agreed to cancel the contract.The General Manager at the time was Sascha Kaiser, a German national. It is unknown what company currently runs the hotel.