The Grand Group

The Grand Group consists of three hotels in central Stockholm: the prominent Grand Hôtel and Lydmar Hotel, as well as the new The Sparrow Hotel.

       

Grand Hôtel opened in Stockholm in 1874 with a vision to be Scandinavia’s leading five star hotel, a vision that has become reality. As a full-service luxury hotel, it provides its guests with a grand experience through a high-quality product, an international atmosphere and passionate, genuine service in every interaction. It is home to a Michelin-starred restaurant, a spectacular hotel bar and an award-winning spa, offering recreation of the highest standard. With the capacity to cater to all sizes of events, it is a natural location for smaller meetings as well as gala dinners and premieres.

In 2013, Grand Group acquired the neighboring Lydmar Hotel, a high-end boutique hotel, also uniquely situated overlooking the Royal Palace and the Old Town.

The Grand Group has been a strategic holding of Investor AB and Patricia Industries since 1968.

The strategic direction is to improve and broaden the existing product offering and ensure operational excellence.

 

RECENT HIGHLIGHTS

Grand Group strengthened its product offering by acquiring the operations of Hotel Drottning Kristina, a boutique hotel with 101 rooms located close to Stureplan, Stockholm. The hotel will undergo renovations and is being opened under the new name The Sparrow Hotel in 2019.

 

Click here for the Grand Hôtel's website

Click here for Lydmar Hotel's website

 

The Grand Group - Key facts

SEK m.

 2018

 2017

Sales

603

646

EBITDA (%)

6

9

Number of employees

380

355

Patricia Industries ownership (capital/votes): 100/100  |  Initial investment year: 1968

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