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HavanaJournal.com: Cuba Business

Golf course development projects dry up in Cuba

Posted January 03, 2013 by publisher in Cuba Business.
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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 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 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 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 FIRST golf course development project announced in Cuba. Developers have been silent for several years now. However, they do sponsor the Montecristo Cup tournament in Varadero and offer 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. 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 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”.

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