Lybid Hotel was built in 1970. In 1998-2002, rooms and guest areas in the hotel were renovated.
The name of the hotel is closely connected with the history of Kiev, the capital of Ukraine. According to the legend, Kiev was founded in the 5th century by three brothers-princes Kyi, Shchek, Khoryv and their sister Lybid. It was decided to call the hotel in honor of the legendary symbol of the woman-founder of the city, and the facade was decorated with a bronze alto-relievo of Lybid.