[citation needed] He saw that student dormitories were empty over the summer and began pushing the dorm Domus as a discount hotel to rent out those who were located near Stureplan in Stockholm.

Chakraborty managed to acquire these properties from the student association in private hands and they became due plate in his hotel empire.

Chakraborty saw this opportunity to revive the ancient city hotel tradition, but in a more modern form.

[6][7] In 2008, Chakraborty was awarded the Royal Patriotic Society Business Medal for having contributed to the development of Swedish industry.

[9] Chakraborty married Ylva Lindberg, the sister of Princess Marianne Bernadotte.