Hugo Chavez orders nationalization of Hilton hotel & timeshare

[Carolinian Super Moderator Find all posts View Profile Close Carolinian]

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.

[Mark @SFX Industry Representative Find all posts View Profile Close Mark @SFX]

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
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[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Amazing story.....

[jackio Gold Contributor Find all posts View Profile Close jackio]

Wow...

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

It's a sign of the times....someone should nominate him for the Nobel Peace Prize.