Monday, May 27, 2024 The property is scheduled for a rebranding and relaunch under a new name in the latter half of June 2024. It will be managed by the Movinn group. As part of this transition, the hotel will be converted into a 21-unit boutique aparthotel, emphasizing the preservation of its historical significance.
The units are designed to accommodate a diverse range of guests, including corporate clients from Movinn’s existing Swedish portfolio as well as short-stay business and leisure travelers. Upon transfer to Movinn, the property will be fully furnished, featuring amenities such as DUX beds and Jetson chairs. Situated at the corner of Mäster Johansgatan and Norra Vallgatan, the property is conveniently located near the central train station.
Once operational, the aparthotel is projected to generate an annual revenue ranging from Skr6.5 million to Skr8.5 million.
Additionally, it is expected to produce earnings before interest, taxes, depreciation, and amortization (EBITDA) between Skr1.3 million and Skr2 million..