Did anybody tell Rep. Pelosi about the hotel that she stayed in Cuba?

American Thinker ^ | February 20, 2015 | Silvio Canto, Jr.

[jazusamo]

We understand that Nancy Pelosi is married to a very successful businessman in California. We are very happy that the Pelosi family has enjoyed the fruits of capitalism. Of course, they've enjoyed those fruits because they live in a country that respects property rights and does not confiscate businesses.

This week, Rep Pelosi went to Cuba and stayed at the Hotel Saratoga. Let me share this from our good friends at Capitol Hill Cubans:

"The Hotel Saratoga is a beautiful neoclassical structure in Old Havana. It was purchased in 1939 by Blanco Lopez and Co., headed by Jose Blanco and Jose Lopez Blanco, who were also leaders of the Association of Cuban Hotels.

In 1959, The Hotel Saratoga was confiscated by the Castro regime.

Upon the collapse of the Soviet Union, Castro saw European and Canadian tourism as a means to salvage his dictatorship. Thus, he began seducing foreign investors to invest -- in minority partnerships with the Castro regime -- in order to reconstruct the island's hotels.

In 1999, a British company, Coral Capital Group Ltd., entered into a minority partnership with the Castro regime to transform (a then-dilapidated) Hotel Saratoga into a chic, modern, 5-star property.

Coral Capital invested over $75 million in its partnership with Castro.

In 2005, the Hotel Saratoga reopened as the swankiest hotel in Havana.

But, as always, Castro got greedy and wanted it all for himself.

Thus, in 2011, Castro confiscated Coral Capital's minority stake in the Hotel Saratoga.

[MayflowerMadam]

Or like, “You knew I was a snake before you took me in.”