I Want To Be a Rich Man on Hong Kong Island

After spending a happy weekend in Boston with their two sons, Wu Guangyao and Chris came to New York.

New York, Shining Star Hotel Management Group, headquarters conference room.

Wu Guangyao, Chris, 4 members of the private advisory group, CEO Charles, chief financial officer George, and chief operating officer Lewis, a total of nine people, reported on the two acquisitions.

The first acquisition: an acquisition of the only six Ritz-Carlton hotels in the world owned by others.

The second acquisition: the acquisition of the American chain Westin Hotel.

Wu Guangyao asked, "How is the negotiation progress for the acquisition of the six Ritz-Carlton hotels?"

Jonas said: "Four companies have been negotiated so far, and the negotiations for the other two are a bit off!"

Wu Guangyao raised his eyebrows and said, "The money is not in place, so you still don't want to sell it?"

"One is paying a lot of money and one probably doesn't want to lose the hotel," Jonas said.

Wu Guangyao nodded. Even if he is an expert negotiator, there are still people who can't handle it. This is a normal situation.

Wu Guangyao said directly: "Does the family with the sky-high price have any background?"

Jonas shook his head and said, "It's a businessman's family, and the family's finances may be in trouble, so they want to kill us!"

Wu Guangyao said decisively: "Tell him, if he does not agree to sell, we will open another Ritz-Carlton hotel nearby; when the time comes, the two Ritz-Carlton hotels will compete for real and fake; see Whose service is better, whose hardware facilities are more luxurious!"

Jonas said: "Good way, boss, don't worry, I will get him done soon!"

Wu Guangyao nodded, and then said: "If you don't want to sell, is it because the family is not short of money and has affection for this hotel?"

This is easy to imagine!

Jonas said: "Yes! Moreover, this family is quite influential in the local area, and the political and business circles are very powerful! So, I have a suggestion, please comment to the boss!"

"you say!"

"The two companies cooperate! We are looking for a shareholding and management rights; after all, the management of our Shining Star Hotel Group has already been ranked first in the world, I believe they will not refuse!"

"Agreed, do as you say!"

Jonas's method is indeed very good. The family has feelings for the hotel and naturally hopes that the hotel will become better;

Generally, hotel management can be regarded as excellent only under group management!

It doesn't matter if the family becomes the major shareholder, as long as it obeys the management of the group!

Wu Guangyao then said to the financial advisor Morse: "What's the problem with the loan?"

"No problem, both Citibank and Wells Fargo have agreed to lend and are willing to lend more," Morse said.

As expected, Shining Star Hotel Group currently has a total of 13 luxury hotels, 3 luxury resort hotels, and 33 holiday hotels. The properties of these hotels are all self-owned and valuable;

Therefore, the fixed value of the entire hotel group may be worth 400 million U.S. dollars, and the brand value may also be worth hundreds of millions of U.S. dollars;

A company with such strong assets has debts of only 50 million US dollars, so it is no wonder that two American banks are willing to provide more loans;

What's more, Shining Star Hotel Group is behind the world's shipping king, and it's not unknown that the United States has two political and business terms!

Regarding this point, Wu Guangyao is not worried at all about the Americans embarrassing himself;

Hotel investment is industrial investment, and Wu Guangyao is also an investment of real money, solving a large number of jobs for Americans;

Therefore, the US government has no reason not to welcome it!

Over the years, Wu Guangyao has thought about using his foresight to invest in more American industries;

However, every time I think that I am just a yellow man from the colony, I have to give up this idea!

It's very simple, if Americans know that you earn American money, it's too easy;

Excuse me, will the Americans let you be safe?

the answer is negative!

Therefore, if Wu Guangyao invests heavily in the United States,

I still have to wait for myself and Kaila's eldest son Wu Xianlei (who is naturalized in the United States) to grow up before he can justify his name;

Like Murdoch in the previous life, if he is not an American citizen, he will be subject to great restrictions!

Wu Guangyao then asked Morse, "Has the acquisition budget for the Westin Hotel come out?"

Morse handed a document to Wu Guangyao, and said: "The Westin Hotel operates these 3 five-star hotels, 3 four-star hotels, 5 three-star hotels, and 21 hotels. Responsible for the management of more than 30 Westin hotels; after discussion, we gave a purchase price of US$120 million."

Westin Hotel is also a hotel management company that allows franchising. It is precisely because of this that Wu Guangyao took a fancy to it;

No amount of hotels can be built;

However, the culture, brand, and management of a hotel require long-term precipitation and accumulation;

Then the acquisition of the Westin Hotel can take the management and operation of Shining Star Hotel Management Group to a higher level!

Wu Guangyao said: "How much premium is acceptable?"

"Up to 30 percent," Morse said.

For the acquisition of Westin, 160 million U.S. dollars must be prepared; plus the six Ritz-Carlton hotels, 110 million U.S. dollars must be prepared;

A total of 270 million US dollars is needed, and Wu Guangyao is only going to spend 100 million US dollars to invest in Shining Star Hotel Management Group;

Then, the remaining 170 million US dollars can only be loaned!

To be honest, Wu Guangyao believes that he has two purposes for investing in hotels:

First, consume your own cash and invest in the real estate industry in a disguised form; the profit of the hotel is low and the return is low, but if you consider the appreciation of the hotel property, it is also a very good investment.

Second, increase your own influence. The hotel is a large employer and can support many people; therefore, Wu Guangyao can give himself a shield.

Over the years, Onassis has made a large part of its shipping profits to the hotel and real estate industries;

It is precisely because of this that when Onassis' son died first and Onassis died later, Onassis' daughter Cortina was able to prevent the company from going bankrupt with the help of a group of old courtiers. ;

Until the 21st century, Onassis' granddaughter is still a rich man!

However, the curse of the Onassis family has never spared the descendants of Onassis, what a pity!

Wu Guangyao told Shining Star Group President Charles: "After these two acquisitions, we need to reorganize the hotel business in the United States, and at the same time, we need to transfer investment to Europe and Asia."

Charles nodded and said: "Indeed, our luxury hotels in the United States have spread all over the country, and we need to digest them for several years! With the investment in Europe and Asia, we can operate Westin Hotels as a mid-to-high-end brand, so that we can spread the market quickly .”

Wu Guangyao said, "Write me a proposal later!"

Charles said: "Yes, BOSS!"

Finally, Wu Guangyao introduced Chris to everyone: "Everyone, this Miss Chris will be the president of the Westin Hotel and an important shareholder of 40% of the shares."

After Wu Guangyao finished speaking, he watched the reactions of Charles and others;

Charles responded the fastest and took the lead in applauding to welcome!

"Welcome Miss Chris to our team!"

"Thank you for your welcome! I am a newcomer, I will definitely study hard, and I also like to have everyone's support!"

After everyone was modest, Wu Guangyao set the tone: "President Charles, the management of the Westin Hotel is still in your hands; as Chris said, she is still a novice, so I ask you to arrange a good one." The team for her; moreover, the group manages all sub-brands in a unified way, and Westin Hotel is no exception."

Charles naturally understood what Wu Guangyao meant, and said, "Yes, BOSS!"

The two shareholders of the Westin Hotel don't know that their hotel is no longer theirs in the eyes of others!

Otherwise, you will definitely be furious!

The hotel industry in the United States has a characteristic, that is, by the end of the 20th century, it was all concentrated in the group hotel model.

Like this Westin hotel, if Wu Guangyao does not join the pursuit, it will be acquired by the Starwood Group in the future;

Like the Ritz-Carlton Hotel, if there is no acquisition by Wu Guangyao, it will be acquired by the Marriott Group in the future;

Like the Hilton Hotel, it was also acquired by a consortium!

.........

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