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Luxury tourism and property sales

Via Country Life:

Cuba’s Ministry of Tourism and a UK leisure company have announced plans for a country club overlooking the Gulf of Florida which will be the country’s first foray into luxury tourism and property sales. This partnership between The Esencia Hotel and Resorts group the Ministry is the first significant direct investment into Cuba Tourism by a British company, and comes as a result of the Cuban Government’s desire to improve and diversify the country’s tourism offering as it seeks to boost its economy.

It will also offer the first opportunities for investors to buy property in Cuba - previously the rules about ownership were extremely strict, as all property was Government owned, and therefore could never be officially bought and sold in the communist-run island.

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July 16, 2008   1 Comment