GAESA
Cuban military business conglomerate
From Wikipedia, the free encyclopedia
The Grupo de Administración Empresarial S.A. or GAESA is Cuba's largest, military-controlled business megaconglomerate.[1] Among other interests, it has exclusive control over Cuba's hotel industry, from which it has historically acquired billions of US and Canadian dollars in income.[2] According to The Miami Herald, GAESA, acting as a proxy for the Cuban military, has around $18 billion in assets as of August 2025.[3] This was challenged by experts, with researcher Emily Morris telling The Belly of the Beast Cuba that the purported leaked documents show that GAESA has less than $1 billion in assets.[4]
