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01/03/13 - Havana Journal - Golf course development projects dry up in Cuba

Rob Sequin | Havana Journal

Seems as though ALL golf course development projects in Cuba have come to
a complete stand still.

There is not even any hype of development let alone announcements of any
development deals.

Of course this means Cuba is FAR FAR away from breaking ground on any new
golf courses in Cuba.

The world is still waiting for the liberalization of real estate laws that
would give foreigners ownership of their golf villas and condos so maybe
that is one reason that [1]Cuba golf course developers have nothing to say
recently. I don't think there was any news from any golf course developer
in all of 2012. So, just like everything else in Cuba... we wait.

Golf course projects in Cuba

Leisure Canada - Announced in 1999 that it was working on a [2]new golf
course project in Jibacoa. Result: Nothing but maybe some signed letters
of intent. Company apparently has moved to a wait and see approach.
LeisureCanada.com forwards to the new brand of 360 VOX. As a side note,
360 VOX did purchase the domain name VisitCuba.com for $110,000 and has
developed a very nice [3]Cuba travel website.

Carbonera Club - From a 2008 Esencia press release "Construction of the
Carbonera Golf & Country Club will commence in 2009." Set to open in 2011.
This was the [4]FIRST golf course development project announced in Cuba.
Developers have been silent for several years now. However, they do
sponsor the [5]Montecristo Cup tournament in Varadero and offer [6]Cuba
golf vacations.

La Altura - A $1billion golf course and marina and homes and hotels
development near Bahia Honda. All quiet. I have never read much about this
project.

Bello Monte - A Coral Capital golf course and marina project in Guanabo.
[7]CEO and other executive arrested and whereabouts unknown.

Guanahacabibes - Huge development project featuring apartments, villas,
townhouses, three boutique hotels, a golf academy, marina, sport fishing
club, and a horseback riding center. All quiet.

Loma Linda Golf Estates - Probably the project with the best chance of
actually [8]breaking ground in Cuba by Standing Feather. Appears to be
dead in the water too.

These domains were registered on October 19, 2010. They have all expired
and will be available for registration again on January 5.

GolfLomaLinda.com
GolfLomaLindaCuba.com
GolfLomaLindaHolguin.com

HolguinGolfAndCountryClub.com
HolguinResidentialGolf.com

LomaLindaCuba.com
LomaLindaEstates.com
LomaLindaGolfEstates.com
LomaLindaGolfHolguin.com
LomaLindaHolguinCuba.com
LomaLindaResort.com

Even though it is early in 2013, it's probably safe to say "wait till next
year".

References

Visible links
1. Cuba golf course developers
        http://havanajournal.com/business/entry/new-golf-courses-in-cuba-not-yet-994/
2. new golf course project in Jibacoa
        http://www.360vox.com/downloads/jibacoa.pdf
3. Cuba travel website
        http://www.visitcuba.com/
4. FIRST golf course development project announced in Cuba
        http://havanajournal.com/culture/entry/first-cuban-golf-resort-carbonera-country-club-to-be-built-by-esencia/
5. Montecristo Cup tournament in Varadero
        http://www.themontecristocup.com/
6. Cuba golf vacations
        http://www.esenciaexperiences.com/cuba-travel-guides-holidays-and-itineraries/havana-beach-golf-holidays.php
7. CEO and other executive arrested
        http://havanajournal.com/business/entry/cuban-government-closes-coral-capital-cuban-investment-company-445/
8. breaking ground in Cuba by Standing Feather
        http://havanajournal.com/business/entry/cuba-kanata-golf-sa-standing-feather-and-palmares-cuban-golf-resort-334/


Original Source / Fuente Original:
http://havanajournal.com/business/entry/golf-course-development-projects-dry-up-in-cuba-399/