Ah, for the optics!
My friend Silvio Canto, Jr. was keeping track of how many times the Hotel Saratoga, where Nancy Pelosi stayed during her Havana junket, had been expropriated by the Communist regime. He found out it was expropriated twice: once in 1959, and again in 2011:
in 2011, Castro confiscated Coral Capital’s minority stake in The Hotel Saratoga.
And for giggles, he had Coral Capital’s two senior executives in Cuba, Amado Fahkre and Stephen Purvis, imprisoned in the notorious torture facility known as Villa Marista (akin to Moscow’s infamous Lubyanka).
Fahkre and Purvis spent nearly two years arbitrarily imprisoned, had all their assets confiscated and were finally expelled to Britain.
Purvis, as you may recall, does not hold fond memories of the sixteen months he was jailed, and Coral was contemplating suing the Cuban regime for the $20+million it seized.
Indeed, the Saratoga ought to be an object lesson to all who contemplate investing with the Cuban regime; a lesson lost on Nancy.