Norway, May 8 -- Servatur SA has entered into agreements to invest EUR 2.7 million to acquire a 49% ownership interest in Hotel Isora and to rent and operate the hotel under a 13-year rent agreement.Hotel Isora is a 4-star hotel in Playa La Arena, Tenerife, with 311 rooms. The hotel will be acquired through a jointly owned company to be owned 49% by Servatur SA and 51% by Fredensborg AS, Kai Canari Holding 3 AS and Simto AS. Closing is expected towards end of May 2026, subject to customary closing conditions. The jointly owned company has secured bank financing for the acquisition, subject to customary closing conditions. The Servatur group will account for its 49% interest using the equity method and will not consolidate the jointly owned ...