Banken Hotel

What Banken Hotel does

Banken Hotel is a privately held, single-property boutique hotel operating in the center of Haugesund, Norway, since 2011. The hotel occupies a historic 1919 building that formerly housed Haugesund Sparebank (banking operations ended 1985) and operates as a reception-free property with automated check-in and check-out powered by the Bedify booking platform. It serves four primary customer segments: business travelers and corporate clients (the primary segment), event and meeting planners, individual leisure travelers, and groups, with dedicated sales contacts for corporate and event bookings.

The company's product mix extends beyond accommodation. In addition to hotel rooms — including pet-friendly options with a NOK 250 surcharge — Banken Hotel offers meeting rooms (up to 18 persons), conference rooms (up to 80 persons), and atmospheric event venues (up to 90 guests) suitable for corporate functions and private celebrations. Supporting amenities include a lobby bar with a rooftop terrace (open Monday-Saturday until 20:00 during staffed hours), complimentary breakfast, and free WiFi. Meeting and event spaces are bookable directly through the EasyTable platform, while corporate agreements, group discounts, and weekend packages are handled via direct sales outreach.

Revenue mechanics are diversified across per-night room bookings, one-time venue rental fees, ancillary food and beverage sales, and multi-year corporate contracts. The hotel has been a partner in the Smarthotel network since 2018, which operates five hotels across Norway and provides cross-promotion, marketing, and booking infrastructure support. Banken Hotel is Eco-Lighthouse (Miljøfyrtårn) certified and published a 2024 sustainability report. The property and operations are locally owned, with a lean staff of 8 employees managing the full-service operation.

Name

Banken Hotel

Legal name

Banken Hotel

Website

https://banken-hotel.no

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Banken Hotel is a privately held, locally owned boutique hotel in central Haugesund, Norway, operating reception-free with automated check-in since 2011 from a historic 1919 building. It serves business travelers, corporate clients, event planners, and leisure guests with rooms, meeting and event venues, a bar, and breakfast.

Ownership category

akta.pro rank

Product category

Boutique Hospitality Services

NAICS

Hotels (except Casino Hotels) and Motels (72111), Traveler Accommodation (7211)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011)

akta.pro primary industry

Independent Budget & Limited-Service Hotels (THAGABAN)

akta.pro secondary industries

Business & Corporate Full-Service Hotels (THAGAAAE), Hotel & Resort Restaurants (THAFACAH), Lounge Bars & Hotel Bars (THAFAEAI)

Keywords

• Boutique hotel accommodation
• Self-service hotel stays
• Meeting and conference venues
• Corporate hotel agreements
• Event venue rental

Headquarters

HQ city

Haugesund

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Hotel Room Bookings: Primary revenue stream from overnight accommodation in hotel rooms with automated check-in/check-out.
2. Meeting & Conference Facilities: Rental income from modern meeting rooms (up to 18 persons), conference rooms (up to 80 persons), and event venues (up to 90 persons).
3. Bar & Lounge Services: Revenue from lobby bar operations open during staff hours, Monday to Saturday until 20:00.
4. Corporate Agreements & Group Bookings: Fixed low-rate corporate agreements providing reliable cost control for business clients, plus group discounts and weekend packages.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Banken Hotel is a reception-free boutique hotel in central Haugesund, Norway, operating from a historic 1919 bank building. It sells overnight accommodation with automated self-service check-in/check-out, meeting rooms, conference facilities, and event venues, alongside breakfast service and a lobby bar. The hotel also offers corporate business agreements with fixed low rates and group/weekend discounts for business and leisure guests.

Product overview

Banken Hotel is a single-property boutique hotel offering a reception-free (self-service) hospitality experience. The hotel operates as a unified offering combining accommodation (Hotel Rooms with automated check-in/out), food and beverage services (breakfast and lobby bar), and event venues (Meeting Rooms, Conference Rooms, and Event Spaces). The property is located in a historic 1919 building in Haugesund city center and has been operated locally since 2011, currently partnered with the Smarthotel network. All services are managed through the hotel's own staff and facilities rather than modular add-ons.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Room Accommodation Reception-free overnight hotel rooms with automated self-service check-in (guaranteed from 15:00) and check-out (by 12:00), free WiFi, and pet-friendly options (NOK 250 surcharge; guide dogs free). Targeted at both individual leisure travelers and corporate clients visiting Haugesund.
• Meeting Rooms Modern meeting rooms on the lower level seating up to 18-20 persons, equipped with high-quality screens and sound systems for productive business meetings.
• Conference Rooms Flexible conference spaces suitable for seminars, workshops, and lectures, accommodating up to 80 participants with stage equipment, sound systems, and catering options.
• Event Venues Atmospheric event spaces for celebrations such as anniversaries, baptisms, confirmations, and Christmas parties, accommodating up to 90 guests with customized food, beverage, and entertainment packages.
• Corporate Business Agreements Fixed low-rate multi-year corporate hotel agreements providing predictable cost control for business clients, including group discounts, regular guest (stamgjest) agreements, and weekend packages.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• SmarthotelcoreChannel Partner/ Reseller/ Distributor · 1 January 2018Since 2018, Banken Hotel has been a partner in Smarthotel, which owns and operates 5 hotels in various cities across Norway. The partnership provides brand association, operational support, and cross-promotional opportunities. Smarthotel handles marketing and booking infrastructure while Banken maintains local ownership and operations.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Scandic Hotels: Largest Nordic hotel operator with multiple properties in Norway including Haugesund region. Overlaps on business traveler and MICE segments but offers full-service amenities Banken lacks (fitness, parking, full F&B).
• Clarion Hotel (Choice Hotels Nordic): Nordic full-service hotel chain operated by Strawberry/Choice, with Norwegian properties including Haugesund area. Competes directly for corporate events, conferences, and business travelers with full-service model.
• Radisson Hotel Group: Major international hotel group with Nordic presence competing for the same corporate and event demand. Differs by offering global loyalty programs and standardized full-service amenities.
• Thon Hotels: Largest Norwegian-owned hotel chain with broad mid-market and business-traveler portfolio across Norway including Haugesund. Competes for the same corporate and leisure guests but offers staffed reception and broader amenities.

Direct peers

• Citybox: Norwegian hotel chain pioneering the reception-free, self-service concept with multiple urban locations. Most directly comparable peer in terms of automated check-in/out technology and budget-mid traveler segment, though operating at larger scale.
• Smarthotel: Direct peer and channel partner operating 5 reception-free automated hotels across Norway using the same Bedify booking platform. Banken Hotel has been a Smarthotel partner since 2018, sharing the self-service hotel concept and brand association.

Emerging players

• Comfort Hotel (Choice/Strawberry): Limited-service Norwegian brand focusing on essential amenities and value pricing. Comparable in the budget/limited-service hotel segment that targets price-sensitive business and leisure travelers.
• Hotel Ullensvang: Historic Norwegian hotel property emphasizing heritage architecture and conference/event facilities. Comparable as a heritage-driven independent hotel with significant MICE business.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/bankenhotel
• Instagraminstagram.com/bankenhotel
• LinkedInlinkedin.com/company/banken-hotel

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banken Hotel