According to reports from the Spanish Preferente digital site, the Polanco family will invest in Cuba in the hotel business. The decision was made before the adoption of the new Law on Foreign Investment in the country was announced.
They arrived in Cuba led by Tenerife’s businessman Enrique Hernandis to analyze the different alternatives that the government of Raul Castro raises. The Polancos, owners in Spain of the Abama and Jardín Tropical, both in the south of Tenerife, estimate that Cuba has a long history in the tourism sector.
Hernandis, one of the Canary entrepreneurs with more power while not included in the ranking of influential people published in an annual national newspaper, was a personal friend of Jesus de Polanco until his death.
The Tenerife businessman was one of three drivers of Gran Bahia del Duque through Gigansol Group. It is also one of the other partners of the most renowned hotels in Tenerife, El Mirador, operated by the Iberostar chain, while Melia manages two other establishments, all in the South.
15 years ago a tourism project between Varadero and Havana began that has not gotten off the ground. The project in question, located in Bacunayagua, in the Yumurí valley, had the support from the first European group, TUI, and the Melia chain.
