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Case:Martha Soriano, A Baguio City-based retailer and caterer, noted the severe shortage of hotelaccommodations in the city, especially during the annual Panagbenga Flower Festival. She
Case:Martha Soriano, A Baguio City-based retailer and caterer, noted the severe shortage of hotelaccommodations in the city, especially during the annual Panagbenga Flower Festival. She invited someforeign friends, Arthur Hewitt, an American retiree, and Rose Ann Grundt, a German hotelier, to join andinvest in her new business venture- the Mayflower Hotel. Based on the business plan prepared, the totalcapitalization needed for the 50-room standard hotel is Php20 million. Martha is only capable of raisinghalf of the total investment needed. What advice would you give Ms. Soriano as she forms a partnershipwith two (2) foreign partners
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