Hyatt Regency Tirana will mark continued growth
for Hyatt in Southeast Europe
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt
affiliate has entered into a management agreement with Kastrati
Hotels & Tower shpk for the first Hyatt-branded hotel in
Albania. The 151-room Hyatt Regency Tirana is expected to open in
late 2019 and will mark a milestone in Albania’s thriving
hospitality sector.
“Albania is one of the fastest growing economies in Europe and
we are thrilled announce plans for a hotel in Tirana, a city that
has undergone real transformation in recent years,” said Takuya
Aoyama, vice-president development, Hyatt. “With a prime location
in the country’s capital, the hotel will appeal to both business
travelers and those looking to experience the cultural sights of
the city.”
Located close to national landmarks such as the Presidential
Palace, Palace of Congress, National Park, and the soon-to-open
National Arena, Hyatt Regency Tirana will connect guests to who and
what matters most while visiting the country’s capital. Guests will
benefit from being a 10-minute walk from Blloku, an upmarket area
widely known amongst locals as an entertainment destination with
boutiques, shops, restaurants, and bars. Additionally, Rinas Mother
Theresa International Airport will be approximately 15 kilometers
away from the hotel.
“We are delighted to be working with Hyatt on this hotel. The
Hyatt Regency brand is a globally recognized and will attract
visitors to this remarkable city,” said Leonard Kastrati, owner of
Kastrati Hotels & Tower shpk. “We look forward to a successful
cooperation with Hyatt and the brand’s first hotel in Albania. We
were also happy to collaborate with Colliers International London
and Tirana offices who brokered this tremendous deal. We thank Ben
Godon, Stela Dhami and the team for all their efforts and we
believe it will greatly enhance Tirana’s and Albania’s future
ambitions in the tourism industry.”
Hyatt Regency Tirana will become the fifth Hyatt Regency hotel
in Southeast Europe, joining Hyatt Regency Thessaloniki and Hyatt
Regency Belgrade, along with the previously announced Hyatt Regency
Sofia and Hyatt Regency Zadar.
For more information on Hyatt Regency hotels, please visit
www.hyatt.com/brands/hyatt-regency.
The term “Hyatt” is used in this release for convenience to
refer to Hyatt Hotels Corporation and/or one or more of its
affiliates.
About Hyatt Regency
The Hyatt Regency brand prides itself on connecting travelers to
who and what matters most to them. More than 185 conveniently
located Hyatt Regency urban and resort locations in over 30
countries around the world serve as the go-to gathering space for
every occasion – from efficient business meetings to memorable
family vacations. The brand offers a one-stop experience that puts
everything guests need right at their fingertips. Hyatt Regency
hotels and resorts offer a full range of services and amenities,
including the space to work, engage or relax; notable culinary
experiences; technology-enabled ways to collaborate; and expert
meeting and event planners who can take care of every detail. For
more information, please visit hyattregency.com. Follow
@HyattRegency on Facebook, Twitter and Instagram, and tag photos
with #AtHyattRegency.
About Kastrati Hotels & Tower shpk
Kastrati is an Albanian privately-owned group of companies
established in 1991 that serves in over 12 industries operating in
Albania and the Balkan region and employs over 3,000 people. Mainly
recognized as the leading Albanian retail and wholesale trader of
hydrocarbon products, Kastrati successfully operates in other
industries such as insurance, construction and real estate,
hospitality, automotive industry, retail, advertising, and many
more. Kastrati Group has established its reputation as a reliable
business partner by committing to deliver premium-quality products
and services, bringing innovation, creating value for all
stakeholders and giving back to the communities it operates in.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a
leading global hospitality company with a portfolio of 14 premier
brands. As of September 30, 2018, the Company's portfolio included
more than 750 properties in more than 55 countries across six
continents. The Company's purpose to care for people so they can be
their best informs its business decisions and growth strategy and
is intended to attract and retain top colleagues, build
relationships with guests and create value for shareholders. The
Company's subsidiaries develop, own, operate, manage, franchise,
license or provide services to hotels, resorts, branded residences,
vacation ownership properties, and fitness and spa locations,
including under the Park Hyatt®, Miraval®, Grand Hyatt®,
Hyatt Regency®, Hyatt®, Andaz®, Hyatt Centric®, The Unbound
Collection by Hyatt®, Hyatt Place®, Hyatt
House®, Hyatt Ziva™, Hyatt Zilara™, Hyatt
Residence Club® and Exhale® brand names.
For more information, please
visit www.hyatt.com.
FORWARD-LOOKING STATEMENTS
Forward-Looking Statements in this press release, which are not
historical facts, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Our actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements. In
some cases, you can identify forward-looking statements by the use
of words such as “may,” “could,” “expect,” “intend,” “plan,”
“seek,” “anticipate,” “believe,” “estimate,” “predict,”
“potential,” “continue,” “likely,” “will,” “would” and variations
of these terms and similar expressions, or the negative of these
terms or similar expressions. Such forward-looking statements are
necessarily based upon estimates and assumptions that, while
considered reasonable by us and our management, are inherently
uncertain. Factors that may cause our actual results, performance
or achievements to differ materially from current expectations
include, among others, the rate and pace of economic recovery
following economic downturns; levels of spending in business and
leisure segments as well as consumer confidence; declines in
occupancy and average daily rate; the financial condition of,
and our relationships with, third-party property owners,
franchisees and hospitality venture partners; the possible
inability of third-party owners, franchisees or development
partners to access the capital necessary to fund current operations
or implement our plans for growth; risks associated with
potential acquisitions and dispositions and the introduction of new
brand concepts; failure to successfully complete proposed
transactions (including the failure to satisfy closing conditions
or obtain required approvals); changes in the competitive
environment in our industry, including as a result of industry
consolidation, and the markets where we operate; general volatility
of the capital markets and our ability to access such markets; and
other risks discussed in the Company's filings with the U.S.
Securities and Exchange Commission, including our Annual Report on
Form 10-K, which filings are available from the U.S. Securities and
Exchange Commission. These factors are not necessarily all of
the important factors that could cause our actual results,
performance or achievements to differ materially from those
expressed in or implied by any of our forward-looking statements.
We caution you not to place undue reliance on any forward-looking
statements, which are made only as of the date of this press
release. We undertake no obligation to update publicly any of these
forward-looking statements to reflect actual results, new
information or future events, changes in assumptions or changes in
other factors affecting forward-looking statements, except to the
extent required by applicable law. If we update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181206005988/en/
MEDIA CONTACTS:Jennifer RubinHyatt+1 312 780
5808jennifer.rubin@hyatt.comSimone LoretanHyatt – Europe, Africa
and the Middle East+41 44 279 1226simone.loretan@hyatt.com
Hyatt Hotels (NYSE:H)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hyatt Hotels (NYSE:H)
Historical Stock Chart
From Apr 2023 to Apr 2024