The LaLiT Suri Hospitality Group took over The Grand Palace Srinagar in 1998 and restored the historic property.
The hotel now offers 113 palace rooms, 10 cottages, banquet facilities, a shopping arcade, and wellness experiences.
The property preserves original architecture, antique furniture, Chinar trees, and showcases Kashmiri crafts, cuisine, and cultural heritage.
The hotel contributes to local tourism, employment, and regional pride, having hosted figures like Mahatma Gandhi and Lord Mountbatten.