The building was originally two separate warehouses which were commissioned in 1781 for the newly chartered trading company, Østersøisk-Guineiske Handelskompagni which was established in 1781 and superseded by Pingel, Meyer, Prætorius & Co.

The buildings were completed in 1787 to designs by engineering officer Ernst Peymann.

The architects Flemming Hertz and Ole Ramsgaard Thomsen undertook the conversion which was rewarded with an |Europa Nostra diploma from the European Union.

The hotel is surrounded by the Royal Playhouse and Sankt Annæ Plads to the south, Amalienborg to the west and Amalie Garden to the north.

It also contains conference facilities and SALT restaurant & bar which was designed by London-based Conran & Partner.