At the end of the 1950s, a business idea was created at Stockholm's Student Union.
The idea was to offer empty student rooms as hotel rooms during the summer, and needless to say, it became a success. The organisation was run as a foundation until 1980, when the business transformed into a corporation - SSRS Holding AB - with Bicky Chakraborty at the helm. Three years later, the prestigious Hotel Savoy in Malmö was acquired, which was the starting point for the journey towards today's quality profile. Since 1991, the business has been run as Elite Hotels of Sweden, with David Halldén as CEO since 2018. The family-owned company is today owned by Caroline Chakraborty.