Press release -
Grand Group AB acquires Hotel Drottning Kristina
The Grand Group AB is pleased to announce the acquisition of Hotel Drottning Kristina, a move that further strengthens the group’s position as leader in the luxury hospitality segment in Stockholm. The Grand Group, which runs the Grand Hôtel Stockholm and Lydmar Hotel, will take over Hotel Drottning Kristina’s operations from October 1, 2018.
The Grand Group is frontrunner in the luxury hospitality segment and through the acquisition will further expand the hotel group’s offering. Going forward, Hotel Drottning Kristina will continue to operate under its own brand. Following planned development work, the hotel will open under new management at the end of the year.
”We see the acquisition as a complement and a key addition to our existing portfolio of unique concepts at the best locations imaginable. The hotel, located in a historic building, will strengthen the group as a whole and broaden our offering,” says Pia Djupmark, CEO, Grand Group AB and Grand Hôtel Stockholm. “We look forward to continuing on the path of development already started by the previous owners. Here, we will create an attractive meeting place and hotel in the very heart of downtown Stockholm.”
Hotel Drottning Kristina is a boutique hotel located at Stureplan, in the city centre of Stockholm, with 101 hotel rooms.
“We are very pleased and proud that the Grand Group is taking over our hotel operations and continuing the work that we started. They have the experience and competence to further develop the concept and take it to the next level,” says Caroline Syrén, CEO, Hotel Drottning Kristina.
MORE INFORMATION
For more information or interview requests please contact Maya Johansson, Marketing Manager, Grand Hôtel Stockholm, e-mail: maya.johansson@grandhotel.se, tel: +46 (0) 73 519 01 74
Grand Group AB is a holding company owned by Investor via Patricia Industries. The portfolio includes the Grand Hôtel Stockholm and the Lydmar Hotel. The group also has ownership interests in Mathias Dahlgren’s Restaurants.
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With its beautiful interiors and superb waterfront location at the very heart of Stockholm, the Grand Hôtel has been home to international celebrities, prestigious events and discerning bon-vivants since 1874. The hotel houses the stylish Cadier Bar, Mathias Dahlgren’s award-winning restaurants and the classic Veranda, all offering spectacular views of the Royal Palace and world-class food and drink. The Grand Hôtel also boasts relaxing saunas, steam baths, and refreshing plunge pools at Nordic Spa & Fitness. The Grand Hôtel is owned by Investor AB via The Grand Group.
