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Published at 25th of December 2023 05:18:29 AM


Chapter 268: 【Private Advisory Group】

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Chapter 268【Private Advisory Group】

Take a closer look at Wu Guangyao’s industries, some can be cashed out, and some can’t be cashed out;

The cash-out industries include PG/YKK zipper, Uniqlo Group, Lao Fengxiang Jewelry, and Oriental News;

The industries that cannot be cashed out include Global Shipping, Yangtze River Industrial, Lenovo Electronics, and Bathing Beach (in the process of repaying the loan).

Even so, Wu Guangyao’s deposits have also reached 30 million US dollars, of which the zipper industry contributed 85%, after all, it is a semi-monopoly industry.

The 30 million US dollars, if Hong Kong Island land prices/housing prices plummeted in 1958, they were used to buy the bottom; I am afraid that due to excessive funds, a series of butterfly effects will definitely be ushered in.

Therefore, Wu Guangyao only intends to let Cheung Kong Holdings put out 30 million Hong Kong dollars for bargaining.

At this time, the residential land price on Hong Kong Island is around 60 Hong Kong dollars to 70 Hong Kong dollars per square foot;

According to the information Wu Guangyao knows, in 1958, it should fall by about 70%, that is, the land price was 20 Hong Kong dollars per square foot.

As long as the bottom of land is about 1.5 million square feet, Cheung Kong can develop real estate without purchasing high-priced land before 1967.

And the 30 million US dollars in my hands, I have to find a way to invest, otherwise it is equivalent to depreciation.

Furthermore, my own business covers Europe, East Asia, and Hong Kong Island, but the United States is still lacking. It is time to enter the United States.

New York

On the top floor of a building, Wu Guangyao and four other people are talking in a spacious office.

These people are the top talents that Wu Guangyao recruited from European and American companies during his last visit to several European and American countries.

Hollande, British nationality, legal consultant, well-known London barrister, Kayla introduced Wu Guangyao;

Rong Bensheng, management consultant, part-time Lao Fengxiang vice president, one of Wu Guangyao’s most trusted deputies;

Jonas, M&A expert, former Ford executive, participated in a number of Ford acquisition projects;

Morse, financial consultant, executive of a famous American financial management company, PhD in finance.

These four people are a team of Wu Guangyao’s new team, and belong to Wu Guangyao’s private consultant team;

Although there are only four people, it consumes a lot of money and energy for Wu Guangyao;

Except for Rong Bensheng, the other three were former executives of large companies. If there is not enough temptation, others will not change jobs.

It is not so much that Wu Guangyao is choosing them, but they are also choosing Wu Guangyao.

The high salary offered by   , the setting of ambitious goals, and Wu Guangyao's huge wealth ($400 million in one breath) are all the reasons why they chose Wu Guangyao in the end.

The five people are discussing about the acquisition of the Ritz-Carlton Hotel in Boston.

Wu Guangyao always wanted to enter the hotel industry, but the conditions did not allow him. Because he had no experience and talents, he finally chose to start with the acquisition.

The structure of the Ritz-Carlton hotel brand is more complicated. On June 1, 1898, Mr. Caesar Ritz and a celebrity chef established the Paris Ritz Hotel on the north side of Place Vendome in Paris, France, and then Caesar Ritz. The husband also founded and operated many hotels in Ritz.

This is the origin of Ritz-Carlton!

In 1918, Mr. Caesar Ritz died. His widow followed the name Ritz-Carlton to build and operate the hotel, so Mr. Caesar Ritz became the founder of the Ritz-Carlton brand.

In 1921, the widow of Caesar Ritz sold the right to use the name "Ritz-Carlton" in the United States to Albert Keller Company (later known as A·K Company). The Ritz-Carlton Hotel began to develop in the United States, and the RC began to fall apart. status.

In other words, the Ritz-Carlton naming right is the naming right, and the hotel is a hotel, not owned by a company or an individual.

In 1929, A·K Company had six Ritz-Carlton hotels in the United States. As a result, it encountered the financial crisis (major stock market crash) and only kept the Boston Ritz-Carlton Hotel, and other Ritz-Carlton hotels in succession. collapse.

Of course, after the financial crisis, the United States reopened seven Ritz-Carlton hotels, but not all of them belonged to A·K.

Why do everyone want the Ritz-Carlton sign, because of its proud service declaration "Serving gentlemen and ladies loyally with the attitude of gentlemen and ladies" and the employee authorization system, and Caesar Ritz is known as " The influence of the father of modern hotels.

In the 1950s and 20s in Europe, the Ritz Hotel was like a hotel myth. Even the King of Spain wanted to open such a hotel.

Xing Yao Hotel Management Company registered by Wu Guangyao in the United States, intends to first acquire a Ritz-Carlton hotel;

While operating the Ritz-Carlton Hotel, Xingyao Hotel Management Company draws on the experience of hotel operation.

After the completion of the Yangtze River Center commercial complex on Hong Kong Island, the Shangri-La hotel brand was hatched on Hong Kong Island.

and went to the European Ritz family to buy the Asian naming rights of the Ritz-Carlton, and at the same time opened a Ritz-Carlton in the Yangtze River Center commercial complex.

Anyway, there are two hotel buildings in the Yangtze River Center, so don’t worry about not buying a home!

"BOSS, the price of the Ritz-Carlton, Boston, I estimate to be between 7 million US dollars and 8 million US dollars; given that the business is in good condition, you may have to pay more!" said Morse, the financial consultant.

Wu Guangyao is a little dumbfounded, this money is really useless in the United States.

Think about it. At this time, the average salary in the United States was as high as $160, while the average salary in the United States in the 21st century was about $3,500, a difference of 22 times;

So the current 10 million US dollars is 220 million US dollars in the 21st century.

Hong Kong Island is different. Purchasing power is calculated based on wages. 1 Hong Kong dollar is equivalent to about 50 Hong Kong dollars for later generations, a difference of 50 times.

That’s why Wu Guangyao felt that his money seemed to depreciate after coming to the United States!

"Well, you, Jonas and Hollande, go to consult first! If you have any problems, please inform me in time." Wu Guangyao said to Morse.

After the three people left, Wu Guangyao said to Rong Bensheng: "You have recently led those staff to put up the framework of the Star Star Hotel Management Company. It doesn't need to be perfect. After the vice president of Star Star Hotel Management is in place, Make adjustments again!"

Rong Bensheng is naturally not good at hotel management, so Wu Guangyao only asked him to build a company template.

As for the vice president of Xingyao Hotel Management, he is currently searching for a suitable candidate!

Wu Guangyao’s private advisory group is not only in charge of a hotel business, but all of Wu Guangyao’s properties, and they all need help.

One week later, the negotiations at the Ritz-Carlton Hotel in Boston are still in stalemate;

At first, A·K Company did not want to sell, but when the Star Hotel Management Company bid 8 million US dollars, A·K Company wavered and asked for 10 million US dollars.

Wu Guangyao naturally refused, the premium was too high, let Jonas continue to boil the price, no need to rush to buy.

The acquisition meeting could not be reached for a while, but Wu Guangyao’s Vice President of Xingyao Hotel Management has finally come to an end.

"Mr. Charles, according to my staff, you have been standing there for ten years; how many ten years in your life, it is better to jump out of that circle and start again. Maybe you will find it more exciting and more accomplished. Feeling!" Wu Guangyao persuaded bitterly.

Charles is an executive of Hilton International Corporation (Hilton Hotel). It can be said that he is Conrad-Hilton's right-hand man. Wu Guangyao likes to dig for this kind of talent.

is challenging, which shows that this talent is also worth doing by himself.

"Mr. Wu, I’m sorry, I really don’t want to leave the Hilton Hotel; I worked there as soon as I graduated from school, and I have regarded it as my home."

"I am going to acquire the Ritz-Carlton Hotel in Boston, and I will get the naming rights in Asia in the future, and I am planning to incubate my own hotel brand. If you are willing to help me, I am willing to give you two choices: one is under the Stars 1% of the Ritz-Carlton Hotel in Beijing + 1.2 times the salary; the other is 100,000 U.S. dollars in cash + 1.5 times the salary."

Wu Guangyao directly offered the sky-high treatment, which made Charles dumbfounded.

The two conditions are really good, especially the second condition, 100,000 US dollars is equivalent to my three-year salary, and the salary has increased by 1.5 times; no, if I choose the first item, will I get more.

For a while, Charles actually fell into what kind of treatment he should choose, and forgot that he just said that he did not want to quit!

Wu Guangyao is very confident. If the person in front of him is not stupid, then he must jump under his command.

If Wu Guangyao thinks that they are all part-time workers, why are you still having trouble with money?

Even if his senior executives will leave the company one day, Wu Guangyao feels normal!

Of course, it’s a bit silly to change jobs with shares!

"BOSS, I choose the first one!" Charles changed his name to Wu Guangyao.

"Congratulations, I have chosen the best one! How long can I go to work?" Wu Guangyao said with a smile.

"Within a month! I need to deal with Hilton's affairs."

"it is good!"

(End of this chapter)




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