Venezuelan Leader Seizes Luxury Resort
Venezuelan president Hugo Chavez has a habit of acquiring and nationalizing various businesses from gold mines to factories. This week he ordered the "acquisition by force" of a the Hilton Hotel on Venezuela's Margarita island. The resort hotel includes a 590-foot freeform swimming pool, casino, gym and a white sand beach.The hotel also includes the La Scala Restaurant and a bar. It has 280 rooms and 154 time-share suites. The hotel was recently the site of the Africa-South America Summit which was attended by Muammar Gadhafi (who set up his often controversial luxury tent on the beach), Robert Mugabe and others.
A few years ago, the government seized and rebranded a Hilton in Caracas. Now known as Hotel Alba it has been used to entertain Chavez supporters from around the world. The Wall Street Journal quotes Karla Visconti, a spokeswoman for Hilton Worldwide, who said the company "is evaluating how the Venezuelan government's action affects its interest in this hotel." While the Hilton manages the hotel, it does not own it. Last year, a law in Venezuela was passed which referred to the tourism industry as "public interest," setting the stage for nationalization efforts when it comes to hotels and resorts.
Reader Comments (Page 1 of 1)
John Oct 14th 2009 12:31AM
Tinpot communists like Chavez can't develop and they can't built things like this. However, they wait until someone else does it to steal it away. Unfortunately, they can't run them either.
Chavez has also been confiscating farms too, juslt Mugabe in Zimbawe. How did that turn out?
John C. Randolph Oct 14th 2009 2:14PM
The man is a looter, just like every other marxist thug. To hell with him.