Golf Course Resort Planned in Cuba

by Admin on July 15, 2013

I didn’t know if I would ever be saying these words since I entered the international real estate industry back in 2007. “Golf Course Resort Planned in Cuba.” However, it looks like from the article I just read at Propertywire, Cuba just approved a $350 million luxury golf resort with an 18 hole course designed by Tony Jacklin. The resort is called The Carbonera Club and has been proposed by the British firm Escencia. This is unique because over 50 years ago, Fidal Castro ordered all of the island’s golf courses to be closed because he considered them elitist.
In addition to the golf course, the master planned development will have a gated community of 650 condos and villas, hotel, country club with tennis courts, spa, and yacht facilities. The properties for sale will include private villas, one to four bedroom condos, and the Conran Residences.
This will be the first of many projects to be designed and financed by foreign entities outside of Cuba. There have been proposals from Chinese, Spanish, Vietnamese, and Russian Developers. Currently there is only one 18 hole course in Cuba called the Varadero Golf Club. It opened in the 1990s when tourists were welcomed back to the island.
Tourism is the second biggest source of income for Cuba. If these golf course developments are approved, it wouldn’t surprise me if tourism eventually becomes Cuba’s number one source of income.

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