Categories: Business

Starwood Becomes First American Company to Sign a Deal with Cuba

Starwood Hotels & Resorts has become the first American company to agree a deal with the Cuban authorities since the revolution of 1959.

The hotel and leisure company will renovate and run three hotels in Havana.

A Starwood spokesman said the company would be making a “multimillion-dollar investment to bring the hotels up to our standards”.

The news comes on the eve of President Barack Obama’s visit to Cuba – the first by a US president in almost 90 years.

The deal is a welcome reminder of how far things have come between the US and Cuba since they decided to normalize ties.

Tourism in Cuba is at an all-time high, including a sharp rise in the number of US visitors, especially since travel restrictions were eased by President Barack Obama.

Clyde K. Valle

Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.

Recent Posts

House Panel Votes to Release Matt Gaetz Ethics Report

The US House Ethics Committee has voted to release its report on former Republican Representative…

4 days ago

ABC News to Pay $15M to Settle Trump Defamation Suit

ABC News has agreed to pay $15 million to President-elect Donald Trump to settle a…

1 week ago

South Korea’s Parliament Impeaches President Yoon Suk Yeol Following Martial Law Scandal

South Korea’s parliament has voted to impeach President Yoon Suk Yeol over his failed attempt…

1 week ago

Syria: Israeli War Planes Carry Out More Than 100 Air Strikes

Israeli war planes have carried out more than 100 air strikes in Syria on December…

2 weeks ago

Donald Trump Threatens 100% Tariff on BRICS Nations

President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS countries if they…

3 weeks ago

Syria Coup: Rebels Take Control of Aleppo

Syrian troops have withdrawn from the city of Aleppo following an offensive by rebels opposed…

3 weeks ago