Political risk and pricing for starwood and marriott hotels


Problem: Both Starwood Hotels (Sheraton, W-hotels, and The Westin are some of their brands), and Marriott own hotels and resorts in Venezuela. From the perspective of political risk, should these firms sell their properties in Venezuela? And, if a firm (for example: Starwood Hotels) decides to sell its properties in Venezuela, should one of the other firms (for example, Marriott) buy those properties?

Sources:

https://www.nytimes.com/2007/05/17/world/americas/17venezuela.html?pagewanted=all

https://www.foxnews.com/story/0,2933,269702,00.html

https://www.freerepublic.com/focus/f-news/1550432/posts

https://news.bbc.co.uk/2/hi/8307234.stm

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