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. Last Updated: 07/27/2016

Norwegians Nab Hotel

OSLO, Norway -- A Norwegian hotel chain is taking over Lithuania's largest hotel, the Norwegian news agency NTB reported Monday.

"For us the Baltics are a very interesting area. We are also looking for other investments, such as shopping centers," Odd Martin Osnes, of Nydalens Compagnie ASA, said.

The Norwegian company is taking over the 22-story, 300-room Hotel Lietuva in Vilnius, the Lithuanian capital. It was also negotiating the purchase of the Hotel Latvija, in Riga, Latvia.