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Ivey Business School (Canada)
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Hotel Latvia: Sell Out, Hang In or Partner
Stephen GraingerCase IVEY-9B14M170-EEntrepreneurship, StrategyThree friends have followed their entrepreneurial dream to build a five-star hotel in Liepaja, a seaside city in Latvia. After a few early profitable years, the hotel is struggling, due to the massive downturn in the Latvian economy as a result of the European Union financial crisis and slow recovery. The hotel has declined from generating an annual profit to now making a loss or barely breaking even. On several occasions, the co-owners have cons...Starting at €8.20