The location of the Grand Hôtel could hardly be more perfect - or more symbolic. Built in 1874, it stands by the harbour, with splendid views of the Royal Palace. On one side of the water, a regal building crowned with fluttering flags that is owned by the country's most influential family; on the other side, the King's official residence.
The Grand is part of Investor, an investment company reckoned to be worth around €13 billion in 2006, which is controlled by the Wallenberg family. (The most famous member of the family was Raoul Wallenberg, who saved many Hungarian Jews from the Holocaust.)
Unlike so many grand hotels that simply let themselves go in old age, the Grand has got its groove back thanks to a dramatic refurbishment, reasserting itself as the classiest place to lay your head in Stockholm.
The stunning, revamped Cadier Bar is once again the hottest place in town on a Friday night, particularly around the time of the Nobel Banquet when visiting royals and rock stars rub shoulders with newly crowned Laureates, who traditionally stay here after the awards ceremony. The new restaurant, Mathias Dahlgren, is also a smash hit.
Each of the 304 rooms is decorated differently, and while the cheapest rooms are far from spacious, the suites have real wow factor. The Princess Lilian Suite (named after a Welsh-born member of the Swedish royal family) is perhaps the most sumptuous in the entire Nordic region, and includes its own 12-person cinema. You'll need a king's ransom to check in - it costs 55,000kr per night - but if quality and class are top of your list, and money is no object, then this is the place to be.