Posted on 10/14/2009 6:47:16 AM PDT by george76
President Hugo Chavez has ordered the "acquisition by force" of a landmark Hilton Hotel on Venezuela's Margarita island, the government's Official Gazette announced Tuesday.
The facility, on the Caribbean resort island of Margarita in Nueva Esparta state, was targeted for state takeover less than a month after it was used to host the Africa-South America Summit.
It is not the first time Chavez's government has checked into a Hilton and stayed for good.
Caracas has already seized the Hotel Hilton in Caracas, rechristening it the Hotel Alba, a reference to the Venezuelan-led leftist regional alliance Alianza Bolivariana para las Americas (ALBA).
In the past four years, Venezuela has implemented the nationalization of industries it sees as strategic including electrical utilities, cement, steel, oil services and banking.
(Excerpt) Read more at breitbart.com ...
Another theft
Watch as Venezuela becomes Cuba.
And when BO does this, they cheer?
I don't get it.
This is just his reaction to Obama seizing a car company and a bank or two... Competition among thieves, gang turf wars and all that...
>>Why any company keeps or maintains assets there is beyond me...
Who would buy their assets with that kind of risk? Their only other option is ‘Wyatt’s Torch’.
If they already have assets there, there’s probably not much they can do. I’m sure private buyers aren’t lining up to purchase them.
Don’t piss off the Hiltons gordo. They’ll get Paris on you for revenge.
Alot of assets can leave. And what can not be taken will not be maintained.
And I would add software malware that would wreck any computer systems if used by anyone else.
Let them take unmaintained, unworking assets that need mucho dinero
The article says the hotel was “nationalized.” Does this mean the government took the privately held property without paying for it?
Obama and Chavez are Marxist thieves.
Too bad it wasn’t one of Penny Pritzer’s HYATT HOTELS!! Why not....because she’s a HUGE supporter of Bammy’s, Hugo’s BEST FRIEND!
Does he pay just compensation for these private property seizures?
Supreme leaders for life don’t pay compensation.
Either took it for nothing or for a token fee.
I would guess yes. The Venezuelan government apparently thinks nationalizing industries and businesses is free money, but they’re usually acquiring debts. They never seem to pay their suppliers etc
I know about CITGO, but isn’t VALERO also owned by Chavez?
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