The activities of CEIBA are comprised of two principal operating segments: Commercial and Tourism real estate investments.

The Miramar Trade Center

The largest real estate holding of the Company is its 49% interest in Inmobiliaria Monte Barreto S.A. (“Monte Barreto”), the Cuban joint venture company that owns and operates the Miramar Trade Center, a six-building mixed-use commercial real estate complex comprising approximately 56,000 square metres of net rentable area that constitutes the core of the new Miramar business district in Havana.

The Hotels of Miramar

Through its indirect ownership of a 65% interest in HOMASI S.A. (“HOMASI”), which in turns has a 50% interest in Miramar S.A.(“Miramar”), the Group has a 32.5% interest in the following hotels (collectively “the Hotels”):

  • the Meliã Habana Hotel, a 397-room international-category 5-star business hotel located on prime ocean-front property in Havana (directly opposite the Miramar Trade Center);
  • the Meliã Las Américas Hotel, a 340-room international-category 5-star beach resort hotel located in Varadero;
  • the Meliã Varadero Hotel, a 490-room international-category 5-star beach resort hotel located in Varadero; and
  • the Sol Palmeras Hotel, a 607-room international-category 4-star beach resort hotel located in Varadero.

The Hotels are operated by Meliã Hotels International S.A. (“Meliã Hotels International”), which also has a 35% equity interest in HOMASI (which translates to a 17.5% interest in Miramar).

The TosCuba Project

CEIBA’s other hotel interest is in the Cuban joint venture company TosCuba S.A. (“TosCuba”), which is very close to finalising the construction of the 401 room Meliã Trinidad Península Hotel. This hotel is situated on the south coast of Cuba close to the historic city of Trinidad, a UNESCO world heritage site. It is the first modern five star luxury beach resort hotel in the area. Despite the challenging backdrop, the hotel construction has proceeded very well over the last year and the hotel is nearing completion, expected to take place during the next few months.

GBM Interinvest Technologies Mariel S.L.

The Company holds a 50% interest in GBM Interinvest Technologies Mariel S.L., a Spanish company that is developing a new multi-phase industrial park real estate project in the Special Development Zone of Mariel, Cuba. Groundworks on the 11.3-hectare site for the construction of the first four warehouses of the project were completed in June 2021.

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The Ordinary Shares of CEIBA Investments Limited are listed on the Specialist Fund Segment of the London Stock Exchange (trading symbol: CBA) and are suitable for Professional Investors only. Investors in the Company are expected to be institutional investors, professional investors, high net worth investors and professionally advised and knowledgeable investors who understand the risks involved in investing in the Company and/or who have received advice from their fund manager or broker regarding investment in the Company.

Special investor warning: this fund is not suitable for US investors.

The U.S. Cuban embargo legislation presently in force prohibits U.S. Persons from investing in, owning or otherwise holding Ordinary Shares in CEIBA Investments Limited. U.S. banks, custodians, depositories and other intermediaries may reject or block payments, the transfer of securities, and/or the distribution of dividends. Shareholders should ensure that they do not directly or indirectly use U.S. banks, custodians, depositories or other intermediaries, in any capacity, to hold Ordinary Shares in the Company or to receive dividend distributions or other payments.

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