Spanish hotel chain ceases operations in Cuba under pressure from Washington
The Spanish hotel chain Meliá is ending operations at 34 locations in Cuba due to economic pressures from US sanctions. The company cited the difficulty of maintaining operational stability under the current regulatory environment.
Why it matters
This highlights the impact of US foreign policy on international business operations and the ongoing economic isolation of Cuba.
The Meliá Cohiba in Havana, one of 34 hotels where the Spanish hotel chain is to cease operations./Getty Images The Meliá Cohiba in Havana, one of 34 hotels where the Spanish hotel chain is to cease operations./Getty Images Cuba Spanish hotel chain ceases operations in Cuba under pressure from Washington Meliá group says Donald Trump’s sanctions make it ‘impossible’ to keep any of its 34 sites open
Prefer the Guardian on Google A Spanish hotel chain is to cease all operations in Cuba at the end of the week due to “major difficulties” in doing business on the island under growing pressure from Washington.
The latest US sanctions make it “impossible, de facto and de jure, to maintain even minimal operational stability”, the Meliá group explained in a statement on Tuesday to the Spanish stock market regulator.
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