It is located in the northern part of the country in the Balkan Mountains and was founded no later than the end of the 16th century.The monastery is situated on the banks of the Cherni Osam near Oreshak, a village 10 km from Troyan in Lovech Province, and is a popular tourist destination.The main church of the monastery was reconstructed near the end of Ottoman rule during the Bulgarian National Revival period by a master-builder called Konstantin in 1835.Many of the "moral and social experiments" of art at the time such as Doomsday and Wheel of Life were reproduced at Troyan.The Troyan Monastery is also, since the 17th century, the home of one of the holiest icons in Bulgarian Orthodoxy, the Three-Handed Virgin.