Grand Group is a leader in the luxury segment and will broaden the hotel group's offering through the acquisition. The hotel will continue to be operated under its own brand. After planned development work, the hotel will open under new management at the end of the year.

– We see the acquisition as a complement and positive addition to our existing portfolio with unique concepts in the best possible location. The hotel, with its historic building, will strengthen the group as a whole and broaden our offering. We look forward to continuing the development journey that the previous owners have begun. Here we are creating an attractive meeting place and a hotel right in the heart of the action, says Pia Djupmark, CEO, Grand Group AB and Grand Hôtel Stockholm.

Hotel Drottning Kristina is a boutique hotel centrally located at Stureplan in Stockholm and currently houses 101 hotel rooms.

– We are extremely happy and proud that Grand Group is taking over our hotel operations and continuing the work we have started. They have both the experience and the expertise to further develop the concept to take it to the next level, says Caroline Syrén, CEO, Hotel Drottning Kristina.