US hotel chains race for Cuban deals
They go on fact-finding missions as they wait for politicians to iron out differences over investment restrictions
THE race for Cuba's beach-front is on.
Executives from major US hotel chains have stepped up their interest in the Communist island in recent months, holding informal talks with Cuban officials as Washington loosens restrictions on US firms operating there.
Executives from Marriott International, Hilton Worldwide and Carlson Hospitality Group, which runs the Radisson chain, are among those who have held talks with Cuban officials in recent months, they told Reuters. "We're all very interested," said Ted Middleton, Hilton's senior vice president of development in Latin America. "When legally we're allowed to do so we all want to be at the start-line ready to go."
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
