Grand Palace Hotel

Name

Grand Palace Hotel

Website

https://grandpalaceriga.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Luxury Hotels

NAICS

Hotels (except Casino Hotels) and Motels (721110)

SIC

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

akta.pro primary industry

Business & Corporate Full-Service Hotels (THAGAAAE)

akta.pro secondary industries

Heritage & Palace Luxury Hotels (THAGACAF), Hotel & Resort Restaurants (THAFACAH)

Keywords

• Luxury hotel accommodation
• Fine dining hospitality
• Conference event venues
• Spa wellness services
• 5-star boutique hotels

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Accommodation services: Room rentals across four room categories: Superior (17m²), Deluxe (24-26m²), Junior Suite (36m²), and Deluxe Suite (42m²). Revenue generated from nightly stays with check-in from 15:00 and check-out until 12:00.
2. Food and beverage: Michelin-recommended Seasons Restaurant (open Mon-Sat 17:00-22:00), Orangerie Hall breakfast restaurant (daily 7:30-10:30 weekdays, 7:30-11:00 weekends), and Pils Bar (daily 12:00-22:00).
3. Conference and event venues: Orangerie Hall (120m², up to 100 guests) and VIP Room (33m², up to 18 guests) for conferences, seminars, workshops, banquets, and receptions. Total conference capacity up to 130 persons.
4. Wellness and spa services: Sauna available 24 hours daily and relaxation zone. Spa and wellness services for hotel guests.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Grand Palace Hotel is a 5-star luxury boutique hotel in Riga's Old Town providing overnight accommodation in four room categories (Superior 17 m², Deluxe 24-26 m², Junior Suite 36 m², Deluxe Suite 42 m²), complemented by a Michelin-recommended Seasons Restaurant, Orangerie Hall (breakfast and events), Pils Bar, a 24-hour sauna and relaxation zone, and conference facilities for up to 130 persons. It is a member of the CZECH INN HOTELS network and serves leisure travelers, business guests, and corporate/private event clients.

Product overview

Grand Palace Riga is a five-star luxury hotel offering a comprehensive hospitality portfolio consisting of four room categories (Superior Room 17 m², Deluxe Room 24-26 m², Junior Suite 36 m², and Deluxe Suite 42 m²), three dining venues (Seasons Michelin-recommended restaurant, Orangerie Hall breakfast restaurant and event venue, and Pils Bar), spa and wellness facilities including sauna and relaxation zone, and conference facilities accommodating up to 130 persons across two venues. The hotel operates as part of the Czech Inn Hotels group.

Differentiator

Problem solved

Functional benefit

Brands

• Seasons Restaurant: Michelin-recommended elegant hotel restaurant with seasonal menu featuring local ingredients, modern cuisine by Chef Timofei Monahhov
• Orangerie Hall
• Pils Bar

Products and services

• Superior Room Entry-level room category at the 5-star property, sized at approximately 17 m², designed for individual leisure and business travelers seeking Old Town accommodation.
• Deluxe Room Mid-tier guest room sized 24-26 m² offering enhanced space and amenities for guests staying at the Riga Old Town property.
• Junior Suite Suite category sized 36 m² providing separate living space for guests requiring upgraded comfort.
• Deluxe Suite Top-tier suite sized 42 m² representing the premium accommodation offering for distinguished guests.
• Seasons Restaurant Michelin-recommended fine dining restaurant at the hotel serving guests and external diners with seasonal cuisine.
• Orangerie Hall Multi-purpose venue used for breakfast service daily and as an event space for private functions and banquets.
• Pils Bar On-site bar at the hotel offering beverages and light service to guests and visitors.
• Conference and Event Facilities Meeting and event space hosting up to 130 persons for corporate conferences, private banquets, weddings, and other events in Riga's Old Town.
• Spa and Wellness (Sauna and Relaxation Zone) On-site wellness facility featuring a 24-hour sauna and relaxation zone available to hotel guests.

Quantifiable outcome

• Conference capacity of up to 130 persons across two venues
• +2 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• CZECH INN HOTELScoreStrategic or Co-development PartnerGrand Palace Riga is a member of the CZECH INN HOTELS group, a network of 6 hotels in the Czech Republic and Latvia. The partnership provides brand affiliation, centralized reservations, cross-marketing opportunities, and operational synergies. The hotel operates under the Czech Inn Hotels brand standards while maintaining its own identity as a 5-star luxury property.

Scale indicators3 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Radisson Hotel Group: Global hotel group operating upscale and luxury brands including Radisson Blu and Radisson Collection in the Baltic region. Competes with Grand Palace Riga through global distribution, loyalty programs, and group-level corporate contracting power.
• Kempinski Hotels: European luxury hotel group operating multiple five-star properties including Grand Hotel Kempinski Riga. Provides the brand, distribution, and loyalty infrastructure that competes with independent luxury hotels like Grand Palace Riga across the region.

Regional players

• Three Sisters Hotel: Luxury boutique hotel in Tallinn's Old Town housed in a historic merchant house, offering premium suites and dining. Comparable in scale, heritage positioning, and luxury segment to Grand Palace Riga, though based in a different Baltic capital.
• Hotel Telegraaf: Five-star luxury boutique hotel in Tallinn's Old Town with similar heritage character, fine dining, and spa amenities. Operates in a different Baltic capital but competes for the same international luxury leisure and small-meeting market as Grand Palace Riga.

Direct peers

• Hotel Neiburgs: Design-focused boutique hotel in Riga's Old Town offering luxury suites and on-site dining. Targets similar cultural and leisure travelers seeking historic character and premium service at a comparable price point to Grand Palace Riga.
• Tallink Hotel Riga: Upscale hotel in Riga offering full-service accommodations, dining, and conference facilities. Competes in the same Riga market for business travelers and event organizers, particularly with Nordic and Baltic corporate clients.
• Grand Hotel Kempinski Riga: Five-star luxury hotel located in Riga's Old Town, offering comparable upscale rooms, fine dining, spa, and conference facilities. Directly competes with Grand Palace Riga for the same luxury leisure and corporate clientele in the same historic district.
• Pullman Riga Old Town: Upscale hotel in Riga's Old Town with extensive meeting facilities, restaurant, bar, and fitness amenities. Directly competes for corporate conferences and upscale leisure demand overlapping with Grand Palace Riga's segments.
• Hotel Bergs: Boutique luxury five-star hotel in central Riga with premium suites, restaurant, and event facilities. Targets the same high-end leisure and business traveler segment as Grand Palace Riga with overlapping amenities and pricing.
• Radisson Blu Latvija Conference & Spa Hotel: Large upscale hotel in Riga offering extensive conference facilities, spa, and multiple dining venues. Competes directly with Grand Palace Riga for both corporate events and upscale leisure stays in the Latvian capital.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/GrandPalaceRiga
• Instagraminstagram.com/grandpalaceriga
• LinkedInlinkedin.com/company/grand-palace-hotel-riga

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 Grand Palace Hotel