Melia to invest 350 million Euros in Cuba

By Preferente.com

Melia will invest 350 million Euros in Cuba after renewing until 2042 the license to manage and participate in the property of several hotels in Havana and Varadero. Photo: Luxury Melia Cuba

Melia will invest 350 million Euros in Cuba after renewing until 2042 the license to manage and participate in the property of several hotels in Havana and Varadero. The British fund Standard Life Aberdeen Investment, the state-owned tourist company Cubanacan will join forces with Melia this time.

Even though Melia manages other hotels in Cuba, it only shares the property of facilities operated by the British investment firm. The Majorcan hotel chain expects to extend the Melia Habana hotel, renovate its three facilities in Varadero and build another hotel in town, besides putting up another facility in Trinidad.

The Majorcan hotel chain expects to extend the Melia Habana hotel. Photo: Matt Kieffer

The Cuban authorities decided to extend Melia’s license up to 2042.

This year, Melia will add 2,145 new rooms in Cuba with the management of new hotels, especially its two flagships, Melia Internacional with 934 rooms and Paradisus Los Cayos with 802 rooms, which will be opened by the end of the year.

The Cuban authorities decided to extend Melia’s license up to 2042. Photo: Booking.com