Chapter 260 Hotel Group (Second Update)

It is worth mentioning that his Zhentai Group actually sold directly to Bai Xiaoguang, saying that he completely gave up his domestic industry, saying that he was concentrating on helping Bai Xiaoguang manage the mining company.

Bai Xiaoguang was also very touched by this, and Zheng Liansheng has been helping him from beginning to end, from the original 300 million yuan to wholeheartedly helping him manage the mining company, and even cutting off all domestic business for this.

And all this stemmed from the car accident, without Zheng Liansheng’s 300 million, Bai Xiaoguang could still get up with his technology and foresight, but it was certainly not so smooth.

That is, Zheng Liansheng’s 300 million gave Bai Xiaoguang the capital to rise rapidly, so from a certain point of view, Zheng Liansheng is Bai Xiaoguang’s guide.

Bai Xiaoguang is not a person who crosses the river bridge bridge, he did not include Zhentai Group in the Datang system, but was ready to develop it, especially its hotel industry, Bai Xiaoguang was ready to make the brand of Zhentai Hotel, and he also left a part of the shares to Zheng Liansheng.

It can also be regarded as a reward for him.

If you want to grow, the fastest and most direct way is tantamount to acquisition.

During this time, Bai Xiaoguang was also looking for a hotel group suitable for acquisition.

Bai Xiaoguang chose to choose high-end hotels, then the two most well-known hotel groups with market capitalization and popularity, Marriott Hotel Group and Hilton Hotel Group, entered his sight.

In the end, Bai Xiaoguang decided to acquire Marriott Hotels Group and all the high-end hotel businesses of Hilton Hotel Group.

The two major hotel groups actually manage several hotel brands, including high-end mid-range and low-end, and Bai Xiaoguang, since he positions Zhentai Hotel as a high-end luxury hotel, he has only the right target to acquire.

Even he wants to integrate and change the name of the two acquired hotels, and the name is still Zhentai Hotel, so that Zhentai Hotel will be directly upgraded from several hotels in Yancheng to an international ultra-luxury hotel group.

As for the two major hotel groups not selling?

This is impossible, not to mention Bai Xiaoguang’s energy, just say his value, just spend a lot of money to buy it.

Even if they don’t want to divest, Bai Xiaoguang can directly acquire them as a whole, and it is not simple to strip them off at that time.

High-end ultra-luxury hotels make up Zhentai Hotel, while low-end hotels are all integrated into a new brand, and when the time comes, they will be directly merged into Cheng Yutong Group and become its hotel group company.

It can even be renamed Cheng Yutong Hotel, which is actually feasible.

Don’t look at the low-end looks worse than the high-end, but the low-end can completely beat the high-end in quantity, and the biggest advantage is that it is all over the world.

According to the survey, the volume of the two hotel groups reached more than 6,000 and more than 5,000 respectively.

Among them, the number of high-end hotels is more than eight hundred and five hundred.

That adds up to more than 1,300.

Marriott is currently worth $63.7 billion and Hilton $46.3 billion.

That’s exactly 110 billion dollars.

Of course, Bai Xiaoguang is an active acquisition, and its price will naturally not be one hundred billion, and the price of his pocket in the future will not be low.

Bai Xiaoguang did not use the funds of domestic companies, but directly used his own funds deposited in UBS.

As the group grew and Fund B grew, every month the two companies deposited money into dozens of accounts in UBS.

This amount of money is not fixed, sometimes billions of dollars when it is small, tens of billions of dollars in many times, and this money is basically spread across dozens of accounts.

Add in the $80 billion he left behind from his initial shorting of oil, and now there are $230 billion in cash in those dozens of accounts.

This also makes Bai Xiaoguang become UBS’s largest customer, and naturally enjoys UBS’s most noble service.

UBS’s services can be said to be comprehensive, which naturally includes the business of the acquirer.

So Bai Xiaoguang handed over this acquisition task to UBS, of course, the commission is naturally indispensable.

But he keeps his money in UBS with interest, unlike other customers, because the amount he deposits in UBS is too large, although for the average customer, even billionaires, UBS not only has no interest, but even charges management fees.

Bai Xiaoguang is different, this is not just 230 billion, but a steady stream of funds, such a large amount of money in any bank can determine the fate of a bank, no matter which bank, has a loan business.

The role of banks is to use depositors’ money to lend to those in need, and then collect interest on it.

In fact, UBS is not fancy Bai Xiaoguang’s $230 billion, after all, the global assets they manage are close to $10 trillion.

What they fancy is the Datang Group behind Bai Xiaoguang and the funds that continue to be remitted from UBS.

Therefore, the acquisition actually calculated that the handling fee charged by UBS is not enough for its deposit interest.

And UBS has no reason to refuse such a business, which is itself a means of profit as a bank.

At this time, Baozhou is at two or three o’clock in the daytime, so it is most appropriate to contact them at this time, otherwise wait until four o’clock, UBS can leave work, although for Bai Xiaoguang no matter when it makes no difference, but can not do whatever you want, or to properly respect others, people will do their best to provide perfect service.

However, Bai Xiaoguang did not call directly, after all, the pattern was there.

Don sent a message to UBS, and within two minutes, his phone rang.

“Hello, I’m your UBS Personal Advisor Fanny, Mr. Goodbye! Happy to serve you! ”

The voice on the other end of the phone was a young female voice.

This is a private banking consultant provided by UBS to Bai Xiaoguang, specializing in Bai Xiaoguang alone.

“Hello Miss Fanny, I am looking for you today because there is a business that you need to operate!” Bai Xiaoguang said.

This Fanny he has also seen, is a very beautiful foreign beauty, with a strong exotic style, according to Bai Xiaoguang’s score, should be able to have more than 93 points!

Her voice is also very good, her skin is delicate, and she does not have the common freckles of foreign women, even if she is a foreign woman, she is also a superior appearance.

UBS also accurately grasped the psychology of a young super-rich like Bai Xiaoguang and sent him such a beautiful consultant, which also made Bai Xiaoguang happy on the one hand, and his happy mood was even more favorable to UBS.

Fanny’s eyes lit up, with super rich and super entrepreneurs like Bai Xiaoguang, what they want to do must be something of great interest, you must know that since Fanny became his consultant, basically did not receive several calls from Bai Xiaoguang, made some transfer funds, basically nothing else.

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