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TIRANA, Dec. 6 – US-based giant Hyatt has entered Albania where it will manage a former Sheraton hotel that in early 2018 was purchased and rebranded by an Albanian investor, filling a void in international brands managing five-star hotels in the country following Sheraton’s departure. The deal was signed on Thursday with Kastrati Group, the second-largest Albanian-owned company with main operations in the oil trade industry, but which in early 2018 diversified its investment in the hotel industry by purchasing former Sheraton Tirana for around €30 million, and later rebranding it Mak Tirana Hotel following the departure of Sheraton from…
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