Norway's diversified Wenaas group continues to expand its hotel investments, purchasing its 26th property.
The Prague acquisition also means the shipping business for the Lars Wenaas-controlled group is becoming increasingly marginal.
In 2004, the Manndalen-headquartered company entered shipping with subsidiary Wenaas Shipping and invested heavily until 2010, when it had a fleet of 28 vessels.
Fleet sharply reduced
Since then, the portfolio has been sharply reduced and the group is left with three partly owned bulkers and small stakes in two offshore support vessels.
