“Start as You Intend to Go on,” says CEIBA Investments Portfolio Manager, Sebastiaan Berger

T. K. Hernández ()

Chapter Chapter 36 in The Cuba Interviews, 2023, pp 353-362 from Springer

Abstract: Abstract Part IX features interviews with investors in Cuba’s tourism sector, one of its largest income-generating industries. International border closures combined with additional U.S. sanctions affected the sector. The effects of COVID lockdowns were catastrophic to the entire travel industry. For Cuba, reliant on a steady inflow of tourists and managing a pandemic, this was devastating to its economy. This chapter is an interview with one of the most successful long-term investors on the Island, Sebastiaan Berger, Portfolio Manager of CEIBA Investments. Since 1996, he has been involved in foreign investment in Cuba. This conversation, our first, occurred in November 2019. Mr. Berger shares the story of his first visit to Cuba, how the company became involved in its strategic partnership with Meliá Hotels International, and the progress of the three hotel projects his company shares with Meliá and their Cuban partners. The pandemic, the collapse of tourism, and the outbreak of the Ukrainian war impacted these projects. However, construction has continued with a scheduled opening in early 2023. We later updated our interview in January 2022. The question asked was, “Why would a successful investor invest in what we perceive as a high-risk environment?” Mr. Berger’s answer is interesting.

Keywords: Cuba; Tourism; Foreign investment in Cuba; Foreign investment; Tourism real estate investment; Hotel development; Investing in Cuba; Economic development; Sebastiaan Berger; CEIBA Investments; Meliá Hotels (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-30203-9_36

Ordering information: This item can be ordered from
http://www.springer.com/9783031302039

DOI: 10.1007/978-3-031-30203-9_36

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().