AT&T and US hotel chains about to close deals in Cuba
- Submitted by: Juana
- Travel and Tourism
- United States
- Business and Economy
- 03 / 14 / 2016
US companies AT&T, Starwood Hotels & Resorts, and Marriott International are seeking to complete deals in Cuba as President Barack Obama prepares a historic visit to Havana.
But even as Obama prepares to unveil further measures next week to chip away at decades-old restrictions on trade and travel to Cuba, the longstanding US economic embargo strictly limits efforts by American companies to do business on the island.
AT&T is trying to complete a mobile communications agreement with Cuba's state telecoms monopoly Etecsa, while Starwood is also weighing an announcement, according to the source, who was briefed by administration and company officials.
"We see many opportunities for the expansion of our brands into Cuba at this inflection point, and look forward to building long-term relationships and welcoming travelers into our hotels in this dynamic market."
Marriott spokesman Thomas Marder said: "We are optimistic that we are going to get a green light soon from the US government to have hotels under the Marriott flag in Cuba."