CEIBA Investments Limited
A Guernsey-listed fund investing in Cuban hotels, wound down under Cuba General Licences 2 and 3.
CEIBA Investments Limited, a Guernsey-listed fund and Cuba's largest foreign real-estate investor, was wound down by OFAC General Licences 2 and 3 on 23 July 2026, letting it exit its Cuban hotel holdings in an orderly way.
Last refreshed: 4 August 2026 · Appears in 1 active topic
Why did a London-listed Cuba hotel fund get wound down by US licence?
Timeline for CEIBA Investments Limited
Mentioned in: GAESA was designated first, on 7 May
Cuba DispatchLicences wind down a Cuba hotel fund
Cuba DispatchBackground
CEIBA is a Guernsey-registered closed-ended investment fund and, before the wind-down, Cuba's largest foreign investor in real estate. Its ordinary shares traded on the Specialist Fund Segment of the London Stock Exchange under the ticker CBA.
General licences function as release valves in a sanctions regime, letting a compliant foreign investor exit without being trapped by a blocking action aimed at Cuban state entities. The wind-down closes out one of the last major Western-listed vehicles for Cuban real-estate exposure.
Its Cuban holdings got a managed exit
OFAC issued Cuba General Licences 2 and 3 on 23 July 2026 to wind down CEIBA's Cuban holdings, alongside a separate licence permitting third-country embassies in Cuba to keep operating. Before the wind-down, CEIBA was Cuba's largest foreign investor in real estate, with a portfolio including modern commercial office space, a five-star hotel and three Varadero resorts next to the island's only 18-hole golf course.
The licences let CEIBA exit in an orderly way rather than facing an immediate freeze on its sanctioned holdings, following the same pattern OFAC used for other Cuba-linked firms in July: a defined exit for a compliant foreign investor rather than an abrupt cut-off.