Olympic Entertainment Group has reached an agreement with Hilton Worldwide under which the Reval Park Hotel & Casino at the edge of Tallinn's "Metals District" will be replaced with the country's first luxury Hilton hotel and casino complex in late 2015.
The construction contract for the 36-million-euro, 13-story project went to Merko and the completion date is at the end of 2015. Olympic will temporarily move its casino at the Reval Park location - the biggest in Estonia - to the Olümpia Hotel building a couple hundred meters away on Liivalaia street.
Olympic Entertainment Group supervisory board chairman Armin Karu called the current project a milestone for Estonia as it will be the first casino and luxury hotel combo in the country.
OEG management board chairman Madis Jääger said: "Today we reached a contract with the leading world hotel chain Hilton Worldwide and I believe we will be able to bring something completely new and special to Estonia's entertainment landscape."
Reval Park hotel and casino will close on October 31, construction will start in February 2014 and the new complex will be ready by December 2015.