Skanska has signed a contract with Ylva to renovate a historical building complex into a high-end hotel in Helsinki, Finland. The contract is worth EUR 47 million. The hotel will be part of the Hyatt hotels, and it is the first in the Nordics. The project will combine three separate buildings into a hotel, which encompasses 224 rooms and restaurant spaces, totaling about 21,000 square meters. The historical buildings are located in the heart of the city of Helsinki, and the oldest one was built in 1910. The project has high sustainability goals and it is expected to receive a LEED certification. The renovation will start in June 2021 and is scheduled for completion in the second quarter of 2023.