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Betting On Thaw In U.S./Cuba Relations
Articles About Cuba - News

By Ben Dummett
Of DOW JONES NEWSWIRES 

TORONTO (Dow Jones)--Leisure Canada Inc. (LCN.V) hopes to start construction before the end of the year on what would be Havana's first hotel/conference center built to North American building standards, expecting a continued thawing in Cuba-U.S. relations to spur an influx of visitors to the Caribbean island.

Located on the beach in the area of Havana known as Embassy Row, Leisure Canada's Monte Barreto development will consist of a 750-suite hotel, a conference center and vacation club, including a fractional ownership component. It will be built to Florida hurricane standards, and meet the room size and other standards used by the Hiltons and other well-known hotel operators, said Robin Conners, Leisure's chief executive.

The project, one of Leisure's three planned developments in Cuba, is also across from Havana's new Miramar Trade Center, Conners said. Each project is set up as 50/50 joint venture with the Cuban government.

The executive said that the economics of the C$180 million Monte Barreto project work even if the U.S. embargo against Cuba isn't lifted. With the embargo in place, Leisure calculates it could generate a sufficient internal rate of return of 18% to attract the necessary financing.

owever, if the embargo is lifted, Leisure Canada's internal rate of return could rise to as high as 35%, because increased demand would allow it to charge higher prices, Conners said.

To finance construction of the Monte Barreto project, Leisure aims to rely on debt. "We would prefer not to dilute our existing shareholders," Conners said.  Conners expects the U.S. to at least start moving towards ending the embargo as early as sometime this year, noting if the Americans stand pat, China will solidify its position as Cuba's main trading partner.

"Cuba poses no threat to the United States and when you have the United Nations voting in complete majority to end the embargo, it is a bit of an odd situation," Conners said.

Improving relations between the U.S. and Cuba are already evident, Conners notes. For instance, over the last year, for the first time since 1960, the Americans didn't veto Cuba joining the Organization of American States; immigration discussions are underway between Cuba and the U.S. and the embargo on Cuban Americans travelling to Cuba has been lifted. Americans now can also apply for a visa to travel to Cuba for cultural and humanitarian reasons.

Cayo Largo and Jibacoa are Leisure's other two projects in Cuba. Cayo Largo is about 50 kilometers south of the main island of Cuba and is a popular destination for divers. Leisure wants to develop a US$55 million, 380-room all-inclusive five-star hotel at this location. Leisure's Jibacoa site spans 5.5 square kilometers of oceanfront property, about 65 kilometers east of Havana. It has the potential to host several luxury hotels and two championship golf courses, according to the company's Web site.

By Ben Dummett, Dow Jones Newswires; 416-306-2024; This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 
End the U.S. embargo of Cuba
Articles About Cuba - News

The Seattle Times editorial board calls for the end of the U.S. embargo of Cuba.

embargo of CubaSEN. Maria Cantwell calls our attention to a law, signed by President Obama, allowing Cuba to buy U.S. farm produce and pay after the goods are shipped. The law reverses a Treasury ruling during the Bush years that Cuba had to pay in advance ˜ a ruling that stopped the trade altogether.

This page favors the new law, which will allow a few of our state's farmers to make a little bit of money. But we would go much further. We would end altogether the embargo, which was imposed under President Kennedy almost a half-century ago.

We would allow Cuba to buy U.S. foodstuffs, and most other products, under normal commercial rules. We would allow Americans to visit Cuba without threatening them with fines under the Trading With the Enemy Act. We would repeal the Helms-Burton Act and allow Americans to invest in Cuba, and we would allow some Cuban investment here. We would allow the importation of Cuban sugar and other lawful products.

We suggest this not because we support the system in Cuba, but because we support the rights of Americans to make their own decisions about it. For almost half a century, the United States has restricted the rights of Americans in order to bring down Castro and communism. The policy has done neither. It doesn't seem to have done any good at all. Certainly it has harmed ordinary people in Cuba.

Fifty years is enough. Sens. Cantwell and Patty Murray, who support trade and travel with Cuba, can afford to be much bolder on this issue. Only one state loves the embargo, and it is time Florida was outvoted.

 
Iberostar opens its sixth hotel in this country, the Iberostar Laguna Azul
Articles About Cuba - News
Iberostar Hotels & Resorts expands its presence in this nation with the opening of a new five-star hotel, the Iberostar Laguna Azul, located in the famous beach of Varadero. With this addition, the Spanish hotel chain already has six establishments in the island.

Iberostar Laguna Azul 814 total rooms, among which 24 suites, 82 pairs of connecting rooms and 8 specially designed for handicapped people. It also has many sports facilities to practice any sport (tennis, archery, beach volleyball, paddle, kayaks, windsurfing, water polo, snorkelling ...).

According to the company said in a statement, the hotel also has six pools, and offers a comprehensive range of leisure activities specially designed by the animation team, the Starfriends. Younger also enjoy fun games at the Mini Club (4 to 12 years) and fantastic live shows in the theater of animation.

Under the all-inclusive, the catering at the Iberostar Laguna Azul is varied. In its show cooking buffet is offered, which surprised and encouraged to try international dishes. It also has four restaurants a la carte: Japanese, Creole (Cuban), gourmet and Italian. And for smokers, the hotel features a lobby with a smoking area and a shop specializing in cigars.

To relax even more during the holidays, the hotel offers its guests a spa area with a magnificent program dedicated to pampering, where you can enjoy a relaxing massage or a new energy for a revitalizing body treatment.
 
Overturning Cuba Travel Ban May Pass House This Year, Farr Says
Articles About Cuba - News

By Fabiola Moura Sept. 21 (Bloomberg) --

Legislation to end a ban on Americans traveling to Cuba has enough support in the U.S. House of Representatives to win approval by year-end, said Representative Sam Farr, a California Democrat. The bill to let U.S. citizens resume travel to the Caribbean island except in times of war or cases in which they face imminent danger has 181 votes in the House and needs 218 to pass, said Farr, a co-sponsor of the legislation.

The plan is backed by travel groups such as the United States Tour Operators Association and the National Tour Association and human rights groups such as the Washington Office on Latin America and has been helped by President Barack Obama’s election, he said. “It is believed we can get to this before the end of the year,” Farr, 68, said in an interview in New York. “We haven’t had a policy about Cuba. We’ve had policies about getting votes in Florida and Obama changed that by getting those votes.”

The U.S. ended restrictions on Sept. 3 on Cuban-Americans travel and money transfers to relatives in Cuba. The new rules also allow U.S. telecommunications companies to provide service in Cuba for mobile telephone, satellite radio and television. Exceptions to the 1962 trade embargo on communist Cuba include $500 million per year in agricultural exports, Farr said. “If you are a potato, you can get to Cuba very easily,” he said. “But if you are a person, you can’t, and that is our problem.” Pressure Obama is under pressure from Latin American leaders to end the trade embargo to help improve relations in the region.

Brazilian President Luiz Inacio Lula da Silva will ask Obama to end the embargo during the United Nations General Assembly this week, spokesman Marcelo Baumbach said Sept. 17. Obama announced in April he would lift travel limits for Cuban-Americans visiting family in Cuba. At the same time, Representatives Lincoln Diaz-Balart and Mario Diaz-Balart, both Florida Republicans, issued a statement that the president had made “unilateral concessions to the dictatorship” that would “embolden it to further isolate, imprison and brutalize pro- democracy activists.” Cuba’s former President Fidel Castro, who handed power to his brother Raul Castro last year, called on Obama to completely lift the trade embargo.

White House officials have said there are no plans to lift the embargo. At the same time, the administration is undertaking a full review of policy toward Cuba with the goal of advancing “the cause of freedom” in the country less than 100 miles (160 kilometers) from the coast of Florida, Daniel Restrepo, a special assistant to Obama, said in April. March Proposal A group of House and Senate lawmakers proposed in March ending restrictions to allow all U.S. citizens and residents to travel to Cuba. Farr said the legislation, known as the “Freedom to Travel to Cuba Act,” also has enough votes to clear the Senate, where Senator Byron Dorgan, a North Dakota Democrat, and Republican Senator Michael Enzi of Wyoming introduced the legislation. “There’s a lot more openness in the Congress,” Geoff Thale, program director in the Washington Office on Latin America, said in an interview in New York. “Support is building. The travel industry and business community are not just formally in support but actively engaged. That’s why I think we’re going to see a difference.” Senator Robert Menendez, a New Jersey Democrat who is of Cuban descent and sits on the Foreign Relations Committee, has vowed to fight the easing of travel restrictions. Philip Peters, a vice president and Cuba expert at the Lexington Institute, a public policy research group in Arlington, Virginia, said proponents of the bill may succeed in winning congressional approval as public opinion grows among Americans that U.S. rules on Cuba aren’t in line with much of the country’s foreign policy. ‘Good Shot’ “They’ve got a good shot,” Peters said in an interview. “Certainly right now they’re in striking distance and they’ve got plenty of time left in the session.”

Ending the travel ban may lead as many as 1 million Americans to visit the island every year, Lisa Simon, president of the National Tour Association, known as NTA, said in an interview. It would also help push forward talks on human rights issues, Thale said. “We’ve had a policy for 50 years of isolating Cuba and it hasn’t done anything about the human rights situation,” Thale said. “I don’t think there is some magic solution. I don’t think ending the travel ban will cause Fidel to say let’s have elections, let’s release all the political prisoners tomorrow. What it will do is open the process of dialogue.” Obama’s administration has been showing a “gradual relaxation and diplomatic opening” toward Cuba, Thale said. He cited the government’s decision to reinitiate talks on migration and direct mail, and also to put down the billboard operated by the U.S. government outside its special interests section in Havana, which he said often displayed anti-Cuba messages

 
U.S. allows unlimited visits to relatives in Cuba
Articles About Cuba - News

WASHINGTON, Sept 3 (Reuters) - Americans with "close relatives" in Cuba can visit the island as long and often as they would like under new rules lifting some travel and telecommunications restrictions, the U.S. Treasury said on Thursday. The rules, effective immediately, fleshed out an announcement by President Barack Obama in April to ease the U.S. trade embargo enforced on Cuba after Fidel Castro's leftist revolution half a century ago. But the Treasury's Office of Foreign Assets Control said Americans could spend only $179 per day on visits to family members in Cuba, including aunts, uncles, cousins and second cousins.

That is the same amount as the U.S. State Department's per diem rate for official visits, and it will change when the State Department rate changes. The new OFAC rules also allow Cuban Americans to send unlimited amounts of money to family members in Cuba, and permit U.S. banks to set up exchange arrangements with Cuban financial institutions. Until now, Cuban-Americans had been allowed to travel to the island only once a year and were limited to send only $1,200 per person in cash to needy family members in Cuba. U.S. telecommunications companies will now be allowed to set up fiber-optic cable and satellite links with Cuba, start roaming service agreements and permit U.S. residents to pay for telecoms, satellite radio and satellite television services provided to individuals in Cuba, according to the OFAC rules.

(Reporting by David Lawder, Editing by Anthony Boadle)   

 
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