CARACAS, Venezuela (AP) -- Venezuelan President Hugo Chavez announced Thursday that his government will expropriate homes on the Caribbean resort islands of Los Roques, saying the structures were built on plots bought in shadowy business deals.
Chavez has nationalized hundreds of privately owned companies since taking office in 1999, but this is the first time he has targeted private homes for expropriation.
Chavez offered no details regarding the planned seizures of private homes and quaint inns, known in Spanish as "posadas."
"There are some houses that were illegally built. We're going to take them over," he said on television from the presidential palace.
The president said the government would build state-run inns on Los Roques, which is an archipelago of tiny islands offering snorkeling and scuba diving along numerous coral reefs and deserted white-sand beaches.
Lying 95 miles (150 kilometers) off the mainland, Los Roques is immensely popularly with foreign tourists seeking natural beauty and tranquility.
The archipelago is a paradise for nature lovers. More than 280 fish species, including rainbow-colored parrot fish and yellow striped angel fish, dance around divers in the crystalline waters. Brown boobies and scarlet ibises are among the dozens of bird species found on the islands.
Chavez's government has nationalized hundreds of businesses including cement makers, retail stores and steel mills as part of his drive to establish a socialist economic model in Venezuela. Authorities have also seized large swaths of agricultural land deemed idle by officials, turning parcels over to poor peasants.
Chavez spoke before meeting with Russia's Deputy Prime Minister Igor Sechin at the presidential palace. They discussed military cooperation and bilateral projects, including the creation of a $4 billion joint development bank that would be used to finance construction of housing and a natural gas pipeline in Venezuela.