Important About Starwood’s Presence In Cuba? Obama Administration Permits Contract With The Military
Stamford, Connecticut-based Starwood Hotels & Resorts Worldwide, Inc., has been authorized by the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury to sign a management contract with Revolutionary Armed Forces of the Cuba-controlled Grup de Turismo Gaviota SA.
The Obama Administration has recognized, acknowledged, that the military in the Republic of Cuba is in control of desired economic assets and sectors; and that the military in the Republic of Cuba is expected to remain in control of desired economic assets and sectors.
U.S. - Cuba Trade and Economic Council, Inc.
Established in 1994, the U.S.-Cuba Trade and Economic Council provides an efficient and sustainable educational structure in which the United States business community may access accurate, consistent, and timely information and analysis on matters and issues of interest regarding United States-Republic of Cuba commercial, economic, and political relations.