Risk management assessment

A major real estate Chinese investment firm is studying its jump across thePacific (5 billion USD) to several touristic destination sites in Latin America.This Chinese firm specializes in buying, renting, selling properties as well as running hotels, amusement parks, and golf courses. So far they have identified four potential-attractive locations in Brazil, Colombia, Costa Rica and Mexico,out of these 4 locations they will only prioritize for two in the following two years. Here is where you step in: after a thorough examination you will have to formally suggest the two best choices and justify broadly why. The risk-return profile that this company holds is somewhat conservative, they are used to hold a return (average) of 30% on their other investment portfolios in South-east Asia, USA and Europe.

Remember, list in a detailed way all advantages and disadvantages of each country/destination (do not forget sector tourism), keep in mind a balanced risk-reward balance when your recommendation comes. Also base your answer in the "country risk premium" of each country (include the data).