Grand Hotel Europe is situated on the Nevsky Prospekt, which is the main avenue of St Petersburg. As such, it benefits from close proximity to the main churches, department stores, museums and other cultural icons of the city. The Hotel is the current holder of a number of coveted awards, the most recent acquisition being commemorated in the Golden List by Conde Nast Traveler in 2007, noted among 50 Best Hotels in the World by Institutional Investor 2005 and Five Star Diamond Award, awarded in March 2004 by The American Academy of Hospitality Sciences.