The hotel was owned by the Wallenberg family until 1999, when it was purchased by Nordisk Renting who sold it in 2002 to Danish-Egyptian hotel owner Enan Galaly's chain Helnan Hotels.
Hotellet var i familjen Wallenbergs ägo fram till 1999, då det köptes av Nordisk Renting som 2002 sålde vidare till den dansk-egyptiske hotelldirektören Enan Galalys kedja Helnan Hotels.