Here Is Cuba’s Premier Hotel and Investment Conference For 2017

Here Is Cuba’s Premier Hotel and Investment Conference For 2017

The inaugural SAHIC Cuba conference, to be held this May 15-16, 2017 in Havana, Cuba, adds two keynote speakers for this first-of-its-kind conference. They are David Scowsill, President & CEO of the World Travel & Tourism Council, and renown Cuban historian Mr. Eusebio Leal. Hotels, resorts or related real estate developments, including shared ownership, recreational … Read more

In Conversation: St Giles Hotel’s Abigail Tan-Giroud

In Conversation: St Giles Hotel’s Abigail Tan-Giroud

Yesterday, St Giles Hotels announced its expansion into Cuba, positioning the company as the first UK-based hotel brand to enter the Cuban hotel market. Gran Caribe, one of Cuba’s leading hotel groups, accepted St Giles’ bid to renovate and manage the Hotel Deauville, located in the heart of Havana.  Abigail Tan-Giroud, St Giles Hotels Head of UK, Europe, and The … Read more

The Unexpected Ways U.S. Law Applies To Any Company Doing Business In Cuba

The Unexpected Ways U.S. Law Applies To Any Company Doing Business In Cuba

By some estimates, when Cuba transitions to a market oriented economy and resolves its various disputes with the U.S., the island nation will require more than $50 billion of investment to modernize its economy. Recent improvements in U.S.-Cuba relations have opened up some avenues of economic cooperation in terms of both trade and investment, but … Read more

Cuba’s Economy in 2017

Cuba’s Economy in 2017

As of March 2017, there were reports emanating from the Cuban government that premium gasoline would be rationed in the coming months. According to official Cuban data, the island nation’s economy fell 0.9% in 2016 despite significant increases in the travel and tourism sector. (Readers should note that the Cuban government tracks and publishes very … Read more

Here’s What Can Happen If You Violate U.S. OFAC Rules Pertaining To Cuba

Here’s What Can Happen If You Violate U.S. OFAC Rules Pertaining To Cuba

In September 2016, Albert A. Fox Jr faced a $100,000 fine from U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) for alleged violations of the U.S. embargo against Cuba during two trips to the island over recent years. This January, the government settled the case against the pro-Cuba/anti-embargo Fox for $10,000. el Nuevo Herald, … Read more

Cuba’s Future Through the Lens of China’s Giant Development Finance Institutions

Cuba’s Future Through the Lens of China’s Giant Development Finance Institutions

Buried deep in the bowels of the U.S. legislation against Cuba (collectively referred to as the “embargo”), there is a tiny line item that restricts Western development finance institutions from doing business in Cuba. Cuban Liberty and Democratic Solidarity (Libertad) Act of 1996 – also known as the Helms-Burton Act – Sec. 104. “United States … Read more