Group 1 - AS Merko Ehitus Eesti has signed a design-and-build contract for a hotel and entertainment and conference centre in Pärnu, with construction scheduled to be completed by summer 2027 [1][3] - The project includes two new seafront buildings: a spa hotel with a gross area of 23,000 square meters and 210 rooms, and a 7,000-square-meter conference centre featuring 16 guest apartments [2] - The total contract value is approximately 50 million euros, plus VAT [3] Group 2 - The complex will aim for LEED Platinum certification for energy efficiency, indicating a commitment to sustainable building practices [2] - AS Merko Ehitus Eesti is a recognized Estonian construction company involved in general construction, civil engineering, and residential construction [3][4] - As of the end of 2024, the group employed 605 people and reported a revenue of EUR 539 million [4]