The main castle of Peleș is already under lease, but negotiations for other villas and chateaus are on going. The royal family was to assume legal possession of it and lease it to the Romanian state, so that it will remain in its current status. In 2006, it was decided that the entire complex, including Pelișor, long a museum and tourist site, is the legal property of the King Michael I of Romania.
The castle was built in 1899–1902 by order of King Carol I, as the residence for his nephew and heir, the future King Ferdinand (son of Carol's brother Leopold von Hohenzollern) and Ferdinand's consort Queen Marie. Pelișor Castle (Romanian: Castelul Pelișor) is a castle in Sinaia, Romania, part of the same complex as the larger castle of Peleș.
King Carol I of Romania for the future King Ferdinand I of Romania
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