Sweden has 11 hotels in the Michelin Guide's Key selection — 1 Two Keys and 10 One Key — across 2 places, led by Stockholm with 10. 5 can be booked with points: 3 through Hilton Honors, 1 through World of Hyatt and 1 through Marriott Bonvoy. The rest are cash-only independents, listed so the map is complete.

44k pts
53k pts
On points
On points
On points




Median points per night and cents-per-point value from AwardClaw's award tracking. Value is the cash rate divided by the points price, so higher is better; green means the redemption beats the program's usual value by a wide margin.
| Hotel | Keys | Program | Points / night | Value |
|---|---|---|---|---|
| Villa Dagmar Stockholm, Sweden | Hyatt · Mr & Mrs Smith | 43,750 | 1.2¢/pt | |
| Nobis Hotel Stockholm Stockholm, Sweden | Marriott · Design Hotels | 53,000 | 0.6¢/pt |
2 places in Sweden have at least one Key hotel. Cities with three or more get their own page.
SLH 3
~0.5¢ per point · Amex Membership Rewards transfer to Hilton at 1:2, with 1:2.
Mr & Mrs Smith 1
~1.7¢ per point · Chase Ultimate Rewards and Bilt Rewards transfer to World of Hyatt at 1:1, which is why Hyatt is the program most award travelers build around.
Design Hotels 1
~0.7¢ per point · Amex Membership Rewards, Chase Ultimate Rewards and Bilt all transfer to Bonvoy at 1:1, so Marriott points are the easiest to top up in a hurry.
11: 1 Two Keys and 10 One Key. They are spread over 2 places; Stockholm has the most with 10.
5 of the 11: Villa Dagmar, Nobis Hotel Stockholm, Arctic Bath, Bank Hotel and Lydmar Hotel. By program: 3 through Hilton Honors, 1 through World of Hyatt and 1 through Marriott Bonvoy.
Two Keys is the highest rating held in Sweden, by Grand Hotel Stockholm. None of them take points.
Villa Dagmar in Stockholm, at a median of about 43,750 Hyatt points a night — 1.2¢ per point against the cash rate.
Hotel selection and Key ratings from the MICHELIN Guide hotel selection; points prices and value are AwardClaw's own observations of each program's award pricing and move with dynamic pricing. Program links reflect the loyalty program a property belongs to at the time of writing — partner portfolios (Mr & Mrs Smith, Small Luxury Hotels, Design Hotels) change, so confirm on the program's site before transferring points. AwardClaw is not affiliated with Michelin or any hotel group. MICHELIN is a trademark of its owner.