U.S. sanctions drive hotel operators out of Cuba

Federaţia Rusă

June 1 (UPI) -- Cuba's economy entered June facing another major setback after the departure of Iberostar and Blue Diamond, two of the largest foreign hotel operators on the island. After a U.S. Treasury Department ultimatum setting Friday as the deadline for foreign companies to sever ties with the Cuban military-controlled conglomerate GAESA, Canadian hotel operator Blue Diamond Resorts announced its immediate withdrawal from Cuba, while Spanish chain Iberostar removed its brand and ceased

U.S. sanctions drive hotel operators out of Cuba https://www.upi.com - 01.06.2026 21:09

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U.S. sanctions drive hotel operators out of Cuba https://www.upi.com - 01.06.2026 21:09