Not quite as blatant and ugly here in the US, but still criminal thuggery.
Posted on 10/14/2009 9:02:38 AM PDT by mojito
The US-based Hilton hotel chain is "evaluating" the Venezuelan government's seizure of one of its hotels on the Caribbean resort island of Margarita, a spokeswoman told AFP on Wednesday. President Hugo Chavez ordered the "acquisition by force" of the landmark hotel Tuesday, according to Venezuelan officials.
"At this time, Hilton Worldwide is evaluating how the Venezuelan government's action affects its interest in this hotel," said Karla Visconti, a Hilton Worldwide spokeswoman for the Caribbean, Mexico, and Latin America.
In a brief statement Visconti said the hotel "remains a member of the Hilton system of hotels, and welcomes guests with the same level of service they have come to enjoy."
The sprawling Margarita Island complex includes 280 rooms, 210 suites, a casino, stores, restaurants, offices and meeting areas, as well as the adjoining marina.
The hotel, in Nueva Esparta state, was targeted for state takeover less than a month after it was used to host the Africa-South America Summit.
The assets will be held by the state tourism corporation Venetur, which reports to the Tourism Ministry, part of an "urgent" effort to boost "the social development side of the tourism and hotel industries in Nueva Esparta state," the Venezuela government's Official Gazette said.
(Excerpt) Read more at breitbart.com ...
Very funny.
Let's start with the basics: Hugo Chavez is a Marxist, Obama Hussein is a Marxist.
Number two-O: it is easier to bully a poor country with no oil, like Honduras, the current object of African "justice."
Just don't hold your breath.
Examples like this are they only way to get across to our mushhead youth.
Explain that a communist just TOOK a major hotel because he
wanted to, and next he plans to seize skateparks, cinemas and malls...... because he wants to and nobody can stop him.
ML/NJ
and yet it goes on to say,”In a brief statement Visconti said the hotel “remains a member of the Hilton system of hotels, and welcomes guests with the same level of service they have come to enjoy.”
makes no sense.
Why wouldn’t Hilton just cut the cord? Hilton should just wash its hands. This hotel would be a money-losing hostel within 5 years.
They already took over the one in Caracas
“They already took over the one in Caracas”
Which “one” are you referring to?
There are (were?) two Hiltons in Caracas, I stayed at both; the Caracas Hilton, and the Anauco Hilton.
Not quite as blatant and ugly here in the US, but still criminal thuggery.
he will no doubt use it to make a big show of giving away lush vacations to obedient members of the proleteriat
It would be a huge loss for Hilton to cut and run but that's exactly what I would do. Let the little dictator run the joint.
One of them was taken over and renamed a couple of years ago. It was mentioned in one of the other articles.
The hotel in question is not owned by Hilton. It's operated and branded by Hilton under contract. The property is actually owned by two Venezuelan companies. Or was.
reading more on this. it looks like the hotel is actually owned by a spanish corporation. Chains like Hilton often run other companies hotels for them for a fee.
ty- posted right after you. at work,took me 20 mins to post a dozen words.
Blackstone has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high net worth individuals, sovereign wealth funds and other institutional investors.[5]
http://en.wikipedia.org/wiki/The_Blackstone_Group
Interesting.........................
“Sunoco is the Venezuelan Oil outlet here in the states yes? So why not have the US confiscate those assets in return? Or can Hilton sue Venezuela for damages?”
WRONG! Sunoco is an American company. It is based in Philadelphia. It is also sponsors NASCAR, hence, all the Sunoco bumper stickers you see. Citgo is the Venezuelan owned company.
Ha! The Marxist-In-Chief has pilfering plans of his own.
Sunoco was Sun Oil and they’re listed as VEnezuelan, perhaps no more?
About time to dig that out and re-read it.
Imagine if Hilton was run like Walmart. Walmart would burn the place down no matter what it cost.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.