Just finished a stay at the Bank last week. Location is excellent. right next to a park and the subway, close to lots of shopping, easy access to the old town and to the city center. Maybe two blocks from the Grand and Lydmar. Not on the water though so no views, unlike the Grand and Lydmar.

We booked an elegant standard room on points (which are indeed a good deal). Were upgraded one category as a WOH member to Elegant Double room. Definitely a mix of room categories and it looked like some of the rooms had balconies as well. My guess is ~100 rooms total. They acknowledged the hyatt membership but i wouldn't count on it being worth more than the stated one-category upgrade. Room felt new with comfortable bed, nice bathroom with great shower head and water pressure. The better half was not a fan of carpet. Room was smallish but I've read a common occurrance for Scandinavia.and was not unacceptably small. Single vanity in the bathroom with only standalone shower. Was not a fan of the toiletries. Too perfumy. Didn't get turndown first night but did get second two nights.

Property was very boutiquy. Small lobby with a restaurant next to the lobby where breakfast was served. We received complimentary breakfast having booked through hyatt as WOH members. Decent buffet spread along with a variety of cooked to order hot dishes. Three bars on property. One on either side of reception and one that just opened on Friday that is on the top floor with significant outdoor space. One of the ground floor bars seemed dead. The other was quite busy all three nights with a good soundtrack and cocktails. We went to the rooftop within minutes of it opening and it got quite crowded and was understaffed as a result. Hopefully just first day growing pains. The bar was not nearly as crowded as the outdoor bar in front of the Lydmar though for happy hour. There is no spa and i did not go to the gym.

Service seemed attentive but we are, shall i say, very low maintenance for this forum. No concierge but the front desk folks were happy to make calls for dinner bookings. Their one suggestion for dinner was wide of the mark relative to other restaurants we had mentioned to them. Luckily we didn't go with their suggestion. Most of the staff recognized us when we interacted with them. The front desk called after we got up to our room to ask what we thought of the room and to offer up a late check-out (which is also part of the hyatt partnership, based on availability).

Overall, not true luxury. But unclear that exists in Stockholm. Given the location and the ability to use hyatt points, the hotel worked very well for us and we did not regret choosing it over paying cash for the grand or the lydmar. Even cash vs cash i don't think we would have chosen the grand given it is so big and seemed rather old school. Don't know much about the Lydmar but friends of ours who live in SF but are from stockholm and go at least once a year usually stay at the Lydmar. They are looking forward to trying the Bank this summer instead. FWIW, their view was Nobis is one notch down.