Historic Albanian Hotel Sold

13th May 2010 (Last Updated May 13th, 2010 18:30)

The Dajti Hotel in Tirana, Albania, has been sold to the Bank of Albania for €30m ($38m) by the Albanian government. The 98-room hotel will be temporarily used by the bank as its headquarters. It was designed by an Italian architect during Italy's occupation of Albania

The Dajti Hotel in Tirana, Albania, has been sold to the Bank of Albania for €30m ($38m) by the Albanian government.

The 98-room hotel will be temporarily used by the bank as its headquarters.

It was designed by an Italian architect during Italy’s occupation of Albania in 1939-43 and was the only luxury hotel during the post-war period.

The government failed to sell the hotel to private investors while plans to turn it into Foreign Ministry offices have been shelved, according to the Albanian government.