The hotel, originally built in 1887 by Carl Kämp, was designed by Theodor Höijer. The building was demolished and the facade was rebuilt in 1965. The headquarters of the bank Kansallis-Osake-Pankki (now part of Nordea) were situated in the building for almost three decades, until 1995.
A major restoration project, started in 1996, culminated in the reopening of Hotel Kämp in 1999 as a Luxury Collection property of Starwood Hotels & Resorts Worldwide, a U.S. based hotel chain. A shopping centre, Kämp Galleria, was also opened within the same city block.
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