The Club of Czechoslovakian Tourists planned a new building on the top of Kozákov (744 m), the highest mountain in the Bohemian Paradise (Český ráj) with a far-reaching view in all directions. Touristits started to climb this mountain at the end of the 19th century. Jan Václavík worked on the plans for the construction as early as 1924, using expert consultation with Otakar Novotný from Prague. The building served as a restaurant on the ground floor and a guesthouse with rooms and dormitories on the floor above. The foundation stone was laid on 14 April 1926, and after more than two years followed the ceremonial inauguration on 24 June 1928, attended by many people and public representatives of the region. During the occupation of Czechoslovakia in World War II, the building was used by the German army, after the war by the Czechoslovak army. After the Club of Czech Tourists was banned by the communists, the so-called Vzlet Association took over. In 1962 the shanty was destroyed by a fire, so that a subsequent renovation was necessary. In 1964, the accommodation and the restaurant were reopened. After the political change, there were many legal disputes. In the end, the Czech Tourist Club from Semily was able to take over the building. Several reconstructions started in the following years and in 2016, thermal insulation was installed.
The shanty is named after František Ladislav Rieger, who was a Czech politician in the 19th century and fought in the Viennese parliament for greater independence for the Czechs within the Austro-Hungarian monarchy. He was born in nearby town of Semily. There was speculation about building a monument to Rieger on the Kozákov mountain after his death (1903). This never came to pass. The name of the shanty can be interpreted as a kind of monument.