Iberostar
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Meliá and Iberostar quit Cuba: Trump's ultimatum leaves Spanish hotel groups under pressure
Meliá announced Wednesday it is halting operations at 15 Cuban hotels. Iberostar did so on 1 June at 12 hotels, bowing to US sanctions on Gaesa, the military group controlling tourism. Meliá Hotels International has informed the National Securities Market Commission (CNMV) on Wednesday of the immediate halt to the management, marketing and use of its brands at 15 hotels in Cuba.
Meliá and Iberostar leave Cuba: Trump's ultimatum limits Spanish hotel chains' options
Meliá said on Wednesday it will end operations at 15 Cuban hotels. Iberostar did the same on 1 June at 12 properties as both bow to US sanctions on Gaesa, the military group controlling tourism on the island. Meliá Hotels International has informed the CNMV on Wednesday of the immediate end to the management, marketing and use of its brands at 15 hotels in Cuba.
European companies flee Cuba as US sanctions go into effect
European companies from Spanish hotels to German shipping lines are ending their Cuban operations as Washington on Friday moved to intensify its decades-old embargo, expanding its focus from the regime in Havana to EU business ties to the island. Among the hardest hit are Spain’s Meliá and Iberostar hotel groups. For decades, the lush resorts they operated on Cuba’s most idyllic beaches were the crown jewels of their global portfolios. But over the past few weeks, the hospitality...
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