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Thread: Hugo Chavez orders nationalization of Hilton hotel & timeshare

  1. #1

    Hugo Chavez orders nationalization of Hilton hotel & timeshare

    CARACAS (Dow Jones)--Venezuela moved to seize the Hilton resort on the Caribbean island of Margarita, a swanky beach-side hotel which recently housed Libyan leader Moammar Gadhafi and Zimbabwe's Robert Mugabe.

    President Hugo Chavez ordered the nationalization of the resort, which is owned by local firms facing troubles with the government's financial oversight body. The resort, which is managed by Hilton Worldwide, has 280 rooms and 154 time-share suites, according to the presidential decree ordering the takeover.

  2. #2
    Industry Representative Mark @SFX's Avatar
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    Quote Originally Posted by Carolinian View Post
    CARACAS (Dow Jones)--Venezuela moved to seize the Hilton resort on the Caribbean island of Margarita, a swanky beach-side hotel which recently housed Libyan leader Moammar Gadhafi and Zimbabwe's Robert Mugabe.

    President Hugo Chavez ordered the nationalization of the resort, which is owned by local firms facing troubles with the government's financial oversight body. The resort, which is managed by Hilton Worldwide, has 280 rooms and 154 time-share suites, according to the presidential decree ordering the takeover.
    I hope he enjoys writing the check for the maintenance fees for all those weeks he now owns....

    I will make sure to send him an email to be very flexible with his exchange requests ! We don't want him to have any false high-expectations with his trading power

    PS: Oh, and by the way Hugo... Please don't forget Deposit your weeks early !

    Mark @sfx
    Member Communications

  3. #3
    Diamond Club Contributor rikkis_playpen's Avatar
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    Amazing story.....
    my travel website: Vacation-Times.org.

    "A vacation is what you take when you can no longer take what you’ve been taking."
    ~Earl Wilson

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    Wow...
    Jacki

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    It's a sign of the times....someone should nominate him for the Nobel Peace Prize.
    "If a Nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.... If we are to guard against ignorance and remain free, it is the responsibility of every American to be informed."
    -- Thomas Jefferson to Col. Yancey, 1816

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