Dancing in the Changing Cuba Business Landscape

(posted on Linkedin – 26 March 2016) – by Scott Schwar nd so it begins… the Cuban dance with U.S. investors.  It stepped up and out in a new Cuban Foreign Investment Act (May 2014) and the executive actions of President Obama to normalize relations first announced in December 2014.   The most visible dance partners were seen this March when Starwood Hotels and Resorts signed an agreement to manage three hotel properties in Havana, Cuba.  This announcement was enhanced with an amended merger agreement between Starwood and Marriott International, Inc. The Cuban hotels are attractive even before the anticipated Starwood renovations and luxury upgrades. The landmark historic Hotel Inglaterra (1875) enjoyed recent Cuban government restoration alongside the recently restored Grand Theater and the nearby Capitolio, soon to once again house the Cuban National Assembly.  It faces Central Park from which the avenue Paseo del Prado leisurely strolls down to the[...]CONTINUE READING