Nordecon AS Signs Contract for New Spa Hotel Development
Nordecon AS and AS OG Elektra have recently confirmed their collaboration in a significant construction project. They have officially signed a contract to develop a modern spa hotel and swimming complex that promises to elevate the hospitality experience. The planned four-story building will encompass an impressive area of 15,800 square meters.
The Features of the New Spa Hotel
This state-of-the-art facility is set to include a variety of amenities aimed at providing a comprehensive wellness experience for guests. Among the highlights will be a luxurious swimming pool and a dedicated water and sauna center. Additionally, guests can enjoy a fine dining experience at a restaurant and take advantage of 150 well-appointed hotel rooms designed for comfort. Furthermore, the complex will house a conference center to accommodate various events.
Financial Overview of the Project
The total cost of this ambitious project amounts to 30 million euros, excluding VAT. Nordecon AS is committed to delivering this project by the summer of 2027. This timeline reflects the company's dedication to executing high-quality construction within a specified timeframe, ensuring that the new spa hotel will be ready to welcome guests shortly after completion.
About Nordecon AS
Nordecon AS is a prominent entity in the construction sector, specializing in project management and general contracting across buildings and infrastructures. The company has established a strong presence not only in Estonia but also in Ukraine and Sweden. With its headquarters located in Tallinn, Estonia, Nordecon AS has been a publicly traded company since May 18, 2006, listed on the main list of the Nasdaq Tallinn Stock Exchange. The group's consolidated revenue reached an impressive 278 million euros in 2023, indicating a robust operational performance.
Workforce and Corporate Values
The Nordecon Group prides itself on its dedicated workforce of approximately 440 employees, who are integral to the company's success. With a commitment to quality and innovation, the company strives to exceed client expectations while fostering an environment that encourages teamwork and professional growth.
Contact Information
For further inquiries regarding the new spa hotel project or other corporate matters, please feel free to contact:
Andri Hõbemägi
Nordecon AS
Head of Investor Relations
Tel: +372 6272 022
E-mail: andri.hobemagi@nordecon.com
Website: www.nordecon.com
Frequently Asked Questions
What is the scope of the new spa hotel project?
The project will feature a spa hotel, swimming pool, sauna center, restaurant, and conference facilities.
When is the completion date for the spa hotel?
The construction of the hotel is scheduled to be completed by the summer of 2027.
What is the estimated cost of the spa hotel project?
The total cost for the construction contract is 30 million euros, excluding VAT.
Where is Nordecon AS primarily located?
Nordecon AS is headquartered in Tallinn, Estonia, and operates in Estonia, Ukraine, and Sweden.
How many employees does Nordecon AS have?
The company currently employs around 440 people within its operations.
