The Hôtel Chevillon’s popularity among artists and authors dwindled at the beginning of the 20th century and it started to decay. The property came on the market in 1987. The buildings were in an appalling state of repair, but Jan Wallinder, Jan Landmark and Alf Elmberg saw its potential of again becoming a centre for Swedish and Nordic culture.
Erik Malmsten joined the project at an early stage, and later Bo Myhrman and Lars Rahmn joined.
Erik Malmsten was the main investor in the project. He also set up the Foundation through which the Hôtel Chevillon was acquired and renovated. The above mentioned six people formed the foundation’s first Board of Directors, sharing the many tasks. Jan Wallinder was appointed Chairman. He stepped down and was replaced by Bo Myhrman in 1996.
The refurbished Hôtel Chevillon was reopened by the Minister for Culture, Birgit Friggebo, on March 16, 1994, in the presence of Queen Silvia and a large number of invited representatives of Swedish and French cultural life.
In 2002, the municipality of Grez-sur-Loing decided to change the name of the street that runs along the Hôtel Chevillon, rue du Vieux Pont, to rue Carl Larsson.