Melía Exits 15 Cuba Hotels as Raúl Castro Turns 95 Under US Pressure
Updated
Updated · Bloomberg · Jun 3
Melía Exits 15 Cuba Hotels as Raúl Castro Turns 95 Under US Pressure
3 articles · Updated · Bloomberg · Jun 3
Summary
Melía Hotels International said it will pull its brands from Cuba and immediately terminate operating agreements covering 15 properties.
The Spanish hotel group cited Cuba's geopolitical, social, legal and economic context, a move that comes amid mounting US pressure on companies operating there.
The exit adds to a broader corporate pullback from Cuba and lands on Raúl Castro's 95th birthday, underscoring the island's worsening business climate.