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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (328967)	10/13/2009 10:01:31 PM
From: FJB	Read Replies (1) \| Respond to of 794157

Venezuela seizes a landmark Hilton Hotel Oct 13 05:25 PM US/Eastern 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. "The acquisition by force of the real estate, furnishings, and related assets (...) of the Margarita Hilton & Suites Hotel Complex, along with the Marina owned by Inversiones Pueblamar y Desarrollos MBK, have been ordered," a presidential decree in the official register read. The sprawling complex includes 280 rooms, 210 suites, a casino, stores, restaurants, offices and meeting areas, as well as the adjoining marina. The assets will be held by the state tourism corporation Venetur, which reports to the Tourism Ministry, as part of an "urgent" effort to boost "the social development side of the tourism and hotel industries in Nueva Esparta state," the Gazette said. 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.

To: LindyBill who wrote (328967)	10/13/2009 11:56:20 PM
From: Neeka	Respond to of 794157

I hope Murdoch tells The One he doesn't want a crisis to go to waste.