Spanish groups keen to invest in golf resorts across Cuba

Posted: 14-Oct-16 09:01

As Cuba records an increase in travellers, several Spanish companies are looking to invest in brand new golf resorts in the island. Since the Cuban law in foreign investment changed earlier this year, the nation’s Ministry of Tourism has received a number of golf development applications in destinations including Havana, Punta Colorada, and Cienfuegos.

Spanish groups keen to invest in golf resorts across Cuba

Following the change in law for foreign investment in Cuba, the Ministry of Tourism is receiving several applications from Spanish companies investing in the development of new golf resorts on the island. Foreign investors can be part of a development as long as a Cuban partner is involved.

Since the U.S lifted its trade embargo on Cuba last year and travel restrictions were eased, the island nation has recorded a significant increase in holidaymakers. To keep up with the demand of visitors, the Cuban government is working hard to build new hotels and golf resorts.

The Ministry of Tourism is negotiating a deal with the Spanish group La Playa Golf/Resorts S.L to build the Punta Colorada Cuba Golf Marina in Punta Colorada in Cuba’s western Pinar del Río province. The province is famous for its tobacco production and cigar factories and is a gateway to the beautiful Gran Caverna de Santo Tomas cave system.

Also on the agenda is a Spanish golf development in El Salado, west of the country’s capital Havana, and a $570 million investment in partnership with CubaGolf, is under negotiation at Chorrera-Ancon near Trinidad for two 18-hole golf courses, a hotel and 2,850 villas and apartments.

The Spanish Urbas Grupo Financiero group is also planning to build a resort with 1,500 villas and 3,000 apartments with a multiple golf courses at Rancho Luna-Pasacaballos. Located near Cienfuegos, the resort is estimated to have an investment of €519 million.

Until now, Cuba has only had one 18-hole golf course: the Varadero Golf Club on the Hicacos Peninsula in the north of the country. The golf course was designed by Les Furber from Canada, and has a links design that covers a narrow 3.5 km strip of land on the Peninsula.

In 2015, Cuba received 3.5 million international visitors, which was a 17 per cent increase compared to the year before. Tourist numbers in the first half of 2016 have grown by 11.7 per cent, compared to the same period in 2015. A total number of 2,147,919 visitors travelled to Cuba between January and July this year, which is 25,895 more than last year. The number of tourists from the U.S increased by 61.2 per cent in the first half of the year.

As well as new hotel developments, new highways are being built in Cuba, and deals are in place to provide more reliable internet and mobile phone access for visitors.


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