Cuba Business

Leisure Canada buys Cuba domain name for $111,000

Posted July 05, 2011 by publisher in Cuba Business.

From Leisure Canada press release

Leisure Canada Inc. has announced that the company has acquired the domain name along with the existing website and assets.

Purchase price was $100,000 USD in cash and 84,746 Class A common shares of Leisure Canada ($0.13.5 x 84,746 = $11,440).

Therefore, total value of the purchase price for is $111,440.

The domain name will be developed and launched in early 2012 and will give Leisure Canada an online platform from which it will provide tourists and business travelers to Cuba with resources and information to assist them in making travel plans.

The new website will enable visitors to make Cuba hotel reservations, rent cars in Cuba, book specialty Cuban tours as well as provide online content to first time and returning travelers to Cuba.

CEO Robin Conners said “The opportunity for growth in the tourism sector is significant and fits perfectly with Leisure Canada’s current assets under development and with its broader growth strategy in Cuba.”

About Leisure Canada Inc.

Leisure Canada Inc. is a publicly traded company, incorporated under the laws of Ontario and listed on the TSX Venture Exchange under the symbol “LCN”. The Company is engaged in the business of developing hotel, resort and commercial properties in Cuba through its wholly-owned subsidiary, Wilton Properties Ltd., in joint venture with Grupo Hotelero Gran Caribe S.A., an agency of the Cuban government.

—————————————- Havana Journal Comments—————————————-

We congratulate Leisure Canada on the purchase of this world class domain name and look forward to seeing the new website when it is launched. Although Leisure Canada has never broken ground on any development project in Cuba we hope they will find Cuba website development to be easier than Cuba hotel and golf course development.

Havana Journal Inc., a Massachusetts based corporation, has developed 38 Cuba related websites and owns more than 2500 Cuba related domain names.

Member Comments

On July 05, 2011, publisher wrote:

There is a good article with comments at a popular domain name blog about VisitGEO domain names being owned and used by tourism organizations to promote their destination.

So, Leisure Canada locked up one of the best Cuba tourism domains and I hope they put it to good use.