Alba Buys Hotel and Ranches in Nicaragua
A subsidiary of Alba, Albalinisa S.A. acquired a luxury hotel and two cattle ranches in a transaction estimated to be at $10 million.
Wednesday, February 25, 2009
The purchase was done to Sociedad Seminole S.A., and includes an hotel in the downtown of Managua and two estates with about 3,000 heads of cattle and a center for genetic enhancement.
President Manuel Zelaya announced that Honduras will join the Alianza Bolivariana de las Américas (ALBA), lead by Venezuela and Cuba.
The Honduran Congress approved Honduras' adhesion to the Bolivarian Alternative for the Americas.
There are concerns that the trade partners are constructing a commercial “house of cards” built on shaky foundations made of political rhetoric.
Honduras joins the Bolivarian Alternative for American Countries, a club promoted by Venezuela and Cuba.
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