Starwood Commits to Cuba
Starwood Hotels and Resorts has announced that they have signed an agreement for the administration of three hotels in Cuba. Almost 60 years have passed since an American hotel company last had operations on the Island.
The company obtained authorization from the Treasury Department to operate the following hotels in Cuba: The Hotel Inglaterra and the Hotel Fifth Avenue, both in Havana and the Hotel Santa Isabel, a planned luxurious collection property as outlined in an executed letter of intent.
Given the prior prohibitive constraints American ventures faced in entering the Cuba tourist industry, this move by Starwoods is watershed event further demonstrating an unprecedented willingness by the U.S. administration to facilitate exchange and cooperation between the two countries. Equally, it shows the intention of the Cuban government to engage and encourage the presence of U.S. companies in the Cuban economy.
Today, U.S. citizens can not legally travel as tourist to the Caribbean island, but successive executive measures from the U.S. administration, have given a more flexible list of permissible categories for American citizens to visit the Cuba under a general license from the Treasury Department.
[PHOTO] Inglaterra Hotel, Havana, Cuba