Colliers International brokers new deal for a Hyatt Regency hotel in Albania

The Hyatt Regency Tirana will mark continued growth for Hyatt in Southeast Europe

Advised by Colliers International’s UK Hospitality Asset Management team and the local Colliers office in Albania, Hyatt Hotels Corporation has announced a management agreement with Kastrati Hotels & Tower for the first Hyatt-branded hotel in Albania.

The 151-room Hyatt Regency Tirana will become the fifth Hyatt Regency hotel in Southeast Europe, joining Hyatt Regency Thessaloniki, Greece; Hyatt Regency Belgrade, Serbia; Hyatt Regency Sofia, Bulgaria; and Hyatt Regency Zadar, Croatia.

Takuya Aoyama, Vice President of Development, Hyatt, said: “Albania is one of the fastest growing economies in Europe and we are thrilled to announce plans for a hotel in Tirana, a city that has undergone real transformation in recent years. With a prime location in the country’s capital, the hotel will appeal to both business travellers and those looking to experience the cultural sights of the city.” 

Leonard Kastrati, Owner of Kastrati Hotels & Tower, said: “We are delighted to be working with Hyatt on this hotel. The Hyatt Regency brand is globally recognized and will attract visitors to this remarkable city.” 

Ben Godon, Co Head of UK Hospitality Asset Management at Colliers International, and Stela Dhami, Managing Director of Colliers International Albania, said: “Tourism in Albania is growing at a tremendous rate. This new deal between Hyatt and Kastrati, brokered by Colliers International teams in both the UK and Albania, represents a new and exciting era for the country’s thriving hospitality sector.”

The Hyatt Regency Tirana is expected to open in late 2019. 


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Stela Dhami

Managing Director

Tirana

Stela joined Colliers in August 2007 as a Key Account Consultant with primary account management responsibility of City Park, the first international style shopping center in Albania. This shopping center of 40,000 GLA opened in late December 2009 and currently houses anchors such as Mercator as the supermarket and Euronics as the electronics anchor, Intersport as the leading sportsware tenant, and a children’s entertainment area. Stela was able to facilitate the entrance of these international tenants to the Albanian market for the first time during the global financial crisis. 
 

Stela was promoted to General Manager of the Tirana/Albania team in October of 2007. She has been in this role until March of 2011 when she was promoted to Managing Director of the Albanian office. In her day to day work Stela is responsible for client and business management as well as overall management of staff and the office covering areas of finance, HR, and marketing. She is the leader of the Albanian office and is responsible for the business growth of Colliers in Albania.  Stela was promoted to Managing Partner in May 2013, a role which she holds to date.  

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