Hotel Chain Starwood Signs First US-Cuba Deal Since 1959
Popular US hotel chain Starwood Hotels and Resorts Worldwide has, according to a Reuters report, become the first company from the US to sign a deal with Cuba since 1959: Starwood will manage and market two properties in Havana and signed a letter of intent to operate a third. Such deals would normally be prohibited under the U.S. economic embargo of Cuba, but Starwood received special permission from the U.S. Treasury Department last week.