THE SUPERCLUBS resort chain has pulled out of its real estate investments in the Breezes Custo Verde and the Grand Lido Varadero hotels in Fidel Castro-led Cuba, acquiescing to the international political pressure applied by the U.S. State Department under the Helms Burton law.
The Helms-Burton law is designed to discourage foreign companies from investing in Cuba on properties confiscated from Americans.
"We have given up two hotels in Cuba, we were caught up in an international political struggle and we were the victims," said Zein Issa-Nakash, vice-president of marketing and environmental affairs at SuperClubs.
In late May, the George W. Bush administration had notified the Issa-owned resort SuperClubs that its top officers, their children and spouses would be denied entry into the United States because of investments the company made on property confiscated from Americans in Cuba.
