Managing risks within international hotel construction projects

The study highlights risk identification, mitigation, management and evaluation in relation to hotel construction, more specifically to the hotels built and owned by the 'Hotel Investments Company Limited', who construct and operate four and five star hotels globally. The Company constructed a hotel in Tripoli, Libya and was bound by certain economical and/or political constraints. The study outlines the benefits achieved in building the hotel and establishes the reason why the company chose to do so. Firstly it outlines, information regarding the Company, to better understand how the company functions and how management deals with situations they maybe faced with in relation to international hotel development. Secondly, an analysis on the hotel project in Tripoli, how the concept evolved, its viability, what risk procedures were adopted initially, what risks were identified during the process, reactions to such risks and the measures adopted to control them and how they saw the project through to its completion. During the course of this research it will be demonstrated that having prior knowledge in anticipating situations will be beneficial to making informed decisions and to a certain degree will prevent setbacks from occurring. All names and sources of information pertaining to this case study have been substituted