Marriott to Pull out of Cuba

6/7/20

By Clark Schultz, SeekingAlpha

Marriott International (NASDAQ:MAR) will have to wind down hotel operations in Cuba due to a directive from the Trump Administration, according to Reuters.

"We have recently received notice that the government-issued license will not be renewed, forcing Marriott to cease operations in Cuba," notes a company spokeswoman.

Marriott's Starwood Hotels became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution when it reached an agreement four years ago.

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