Meliá Exits 15 Cuba Hotels Ahead of U.S. Deadline
- Spanish hotel group Melia announced on Wednesday, June 3, it would immediately cease managing 15 hotels in Cuba, following Asian chain Archipelago International's exit earlier this week as international operators depart the island.
- These departures occur just days before a Friday deadline set by Washington for foreign companies to end business dealings with entities controlled by GAESA or face potential sanctions.
- Official figures cited by Directorio Cubano show a 56% drop in visitor arrivals during the first four months of 2026, while Melia reported a 68% drop in annual profits.
- Melia CEO Gabriel Escarrer recently acknowledged the island's situation is "hard" and "unsustainable," forcing the company to concentrate tourists in fewer hotels due to falling demand.
- Defending GAESA on Tuesday, President Miguel Diaz-Canel Bermudez wrote that the conglomerate allows the country to "withstand the permanent aggression of the United States" and is not a "vehicle for the enrichment of a few.
53 Articles
53 Articles
HAVANA. – The Spanish hotel chain Meliá announced this Wednesday that it will stop managing, marketing and providing brand services to 15 hotels in Cuba, a decision that adds to similar measures adopted in recent days by the Spanish Iberostar and the Canadian Blue Diamond. The movement takes place two days before the deadline given by the United States for foreign companies to cut their ties with the economic-military conglomerate Gaesa, linked …
Melia Pulls Brands From 15 Cuba Hotels Under US Sanctions Threat
CUBA · BUSINESS Key Facts —The exit: Spain’s Meliá Hotels International said it will immediately stop managing and branding 15 of its Cuba hotels. —The trigger: A US Treasury deadline of June 5 to cut ties with GAESA, the Cuban military’s tourism conglomerate, or face secondary sanctions. —Not alone: Iberostar exited 12 hotels on June […] The post Melia Pulls Brands From 15 Cuba Hotels Under US Sanctions Threat appeared first on The Rio Times.
By Gonzalo Zegarra, CNN en Español. The Spanish chain Meliá Hotels, the largest foreign hotel operator in Cuba, announced it is ceasing operations and marketing of its 15 properties on the island. This decision follows similar moves by other foreign companies after the United States threatened to freeze the assets of entities that support key sectors of the Caribbean nation's economy. The hotel company resolved that its subsidiary, the Portugues…
The Meliá Hotels International, the largest foreign hotel chain in Cuba, informed the National Securities Market Commission (CNMV) on Wednesday that it no longer manages, markets and sells its brands to 15 hotels on the island, with immediate effect. The decision was transmitted to the owner of the assets, the GAESA military conglomerate, on May 26 and confirmed today, and arises in a context of worsening the sanctions imposed by Trump Administr…
(Mexico City = Yonhap News) Correspondent Song Gwang-ho = As U.S. pressure on Cuba intensifies, global hotel chains are withdrawing from the country one after another.
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