Insights Deal Monitor Sell your business →
CEE M&A Monitor
Hospitality Lithuania Real assets 19 Aug 2026

Tesonet's holding company cleared to take over Grand Hotel Vilnius

The Competition Council has approved the acquisition by Spectra — a Netherlands-registered holding company connected to Tesonet Global, the group behind NordVPN, Nord Security and Surfshark and co-owner of the Žalgiris basketball businesses — of 100% of Grand Hotel Vilnius, operator of the five-star Grand Hotel Vilnius, Curio Collection by Hilton in the centre of the capital. The notification was filed on 27 July.

Our take A decade ago a trophy hotel in Vilnius would have waited for a foreign buyer; today the bid comes from domestic tech wealth. Lithuania's technology fortunes are diversifying into real assets, creating a new class of local buyer with global-scale balance sheets — and together with the Kurianti karta schools deal, that is two acquisitions from the same ecosystem in one month. Sellers of quality assets in the Baltics increasingly run processes where the strongest bidder is local.
Share: LinkedIn Facebook X
← All deals

Thinking about your own exit?

If any of these deals looks like your business, get a confidential read on your options — valuation, buyer demand, and timing. Reviewed personally.

Start confidentially →