President Hugo Chavez's government said Oct. 14 it was taking control of a landmark hotel run by Hilton on Margarita Island, announcing yet another nationalization by socialist-run Venezuela. The 280-room hotel last month housed the likes of Zimbabwe's President Robert Mugabe and Libyan leader Muammar Gaddafi for a summit of African and South American leaders. An official decree from Chavez said the hotel complex was being taken over due to "the need to boost tourism" on Margarita, one of Venezuela's prime Caribbean destinations. In other news, Chavez said earlier that US President Barack Obama had done nothing beyond wishful thinking to earn the Nobel Peace Prize. (Reuters)

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