On 24 September 2020, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Vara HTG OÜ entered into a contract for the renovation of Tallink City Hotel located at A. Laikmaa 5, Tallinn. AS Infortar and AS Kapitel have equal shareholding in Vara HTG OÜ.
The contract includes renovation of all hotel rooms, lobby, restaurant, conference centre and public areas.
The contract value is approximately EUR 8.6 million, plus value added tax. The works are scheduled to be completed in spring 2021.