Chapter 427: 【Hotel Tycoon】
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Chapter 427【Hotel Tycoon】
Spent a happy weekend with their two sons in Boston, Wu Guangyao and Chris came to New York.
New York, Star Hotel Management Group, headquarters meeting room.
Wu Guangyao, Chris, 4 members of the private advisory group, CEO Charles, Chief Financial Officer George, and Chief Operating Officer Louis, a total of nine people, reported on the two acquisitions.
First acquisition: an acquisition of six Ritz-Carlton hotels in the world owned by only others.
Second acquisition: the acquisition of the Westin hotel chain in the United States.
Wu Guangyao asked: "How is the negotiation progress for the acquisition of the six Ritz-Carlton hotels?"
Jonas said: "Four have been negotiated so far, and there are still two negotiating conditions!"
Wu Guangyao moved his sword eyebrows, and said, "If the money is not in place, are you still unwilling to sell?"
Jonas said: “One family has offered sky-high prices, and one family may not want to lose this hotel.”
Wu Guangyao nodded, even if it is a negotiator, there are people who can’t figure it out. This is normal.
Wu Guangyao directly said: "Does the family that make sky-high prices have any background?"
Jonas shook his head and said: "It's a merchant family, and there may be something wrong with the family finances, so I want to kill us!"
Wu Guangyao said decisively: "Tell him that if he disagrees with the sale, we will open another Ritz-Carlton hotel nearby; at that time, the two Ritz-Carlton hotels will have a comparison between the real and the fake; Whose service is better, whose hardware facilities are more luxurious!"
Jonas said: "Good way, boss rest assured, I will get him done soon!"
Wu Guangyao nodded, and then said, “I don’t want to sell it. Is it because the family is not short of money and has feelings for this hotel?”
This is easy to imagine!
Jonas said: "Yes! And this family is quite influential in the local area, the political and business terms are very powerful! So, I have a suggestion, please comment on the boss!"
"you say!"
"The two companies cooperate! We seek to buy shares and strive for management rights; after all, the management of our Star Hotel Group is already among the world's first-class, I believe they will not refuse!"
"Agree, do as you say!"
Jonas’s approach is indeed very good. This family has feelings for the hotel and naturally hopes that the hotel will become better;
Generally, hotel management can be considered excellent only under group management!
It’s okay to let this family become a major shareholder, as long as it obeys the management of the group!
Wu Guangyao then said to the financial consultant Morse: "What's the problem with loans?"
Morse said: "No problem. Both Citibank and Wells Fargo have agreed to loans and are willing to provide more loans."
Unexpectedly, 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 self-owned and valuable;
So the fixed value of the entire hotel group may be worth 400 million U.S. dollars, and the brand value may also be worth over 100 million U.S. dollars;
A company with such strong assets has a debt of only 50 million U.S. dollars. It is no wonder that the two banks in the United States are willing to provide more loans;
What’s more, behind the Starlight Hotel Group is the world’s ship king, and it’s not unknown that the United States has two political and business terms!
For this, Wu Guangyao is not at all worried that the Americans will embarrass him;
Hotel investment is an industrial investment, and Wu Guangyao is also an investment of real money and silver, which has solved a large number of American jobs;
So, the US government has no reason not to welcome it!
In these years, Wu Guangyao has not thought about using his foresight to invest in more American industries;
However, every time I think of myself as a yellow colony, I have to give up this idea!
It’s very simple. If Americans know that you make American money, it’s too easy;
Excuse me, will the Americans keep you stable?
the answer is negative!
Therefore, if Wu Guangyao invests heavily in the United States, he will have to wait for him and Kayla’s eldest son Wu Xianlei (naturalized) to grow up before he can be justified;
Like Murdoch in his previous life, if he is not American, he will be greatly restricted!
Wu Guangyao then asked Morse: "Has the Westin Hotel’s acquisition budget come out?"
Morse handed a piece of information to Wu Guangyao and said: "The Westin Hotel operates these three five-star hotels, three four-star hotels, five three-star hotels, and 21 hotels. Responsible for the management of more than 30 Westin hotels; after discussions, we gave the purchase price of 120 million U.S. dollars."
Westing Hotel is also a hotel management company that allows franchising. It is precisely because of this that Wu Guangyao has taken a fancy to it;
No matter how many hotels, they can be built;
But the culture, brand, and management of a hotel require long-term precipitation and accumulation;
Then the acquisition of Westin Hotels will bring the management and operation of Star Hotel Management Group to a higher level!
Wu Guangyao said: "How much premium is acceptable?"
Morse said: "Up to 30%"
Westing’s acquisition requires 160 million U.S. dollars; plus six Ritz-Carlton hotels, 110 million U.S. dollars;
A total of 270 million U.S. dollars is needed, but Wu Guangyao only plans to spend 100 million U.S. dollars to invest in the Star Hotel Management Group;
So, the remaining 170 million US dollars can only be loaned!
To be honest, Wu Guangyao believes that he has two goals for investing in hotels:
First, consume your own cash and invest in the real estate industry in disguise; 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, to increase their influence. The hotel is a big worker and can feed many people; therefore, Wu Guangyao can give himself a protection card.
Onassis these years, a large part of the profits made by shipping went to the hotel industry and real estate industry;
Because of this, the Onassis family died before Onassis’ son, and Onassis died later, Onassis’ daughter Christina could help the old courtiers to prevent the company from closing down;
Until the 21st century, Onassis' granddaughter is still a rich man!
However, the curse of the Onassis family has never let off the descendants of Onassis, what a pity!
Wu Guangyao said to Charles Star Group President: “After these two acquisitions, we need to rectify the hotel business in the United States while transferring investment to Europe and Asia.”
Charles nodded and said: "Indeed, our luxury hotels in the United States have been spread all over the country and need to be digested for several years! Investment in Europe and Asia, we can run Westin Hotels as a mid-to-high-end brand, which can quickly spread the market. ."
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 Westin Hotels and a 40% important shareholder."
Wu Guangyao finished speaking, watching the reactions of Charles and others;
Charles responded the fastest and took the lead in applauding to express welcome!
"Welcome Miss Chris to join our team!"
"Thank you for your welcome! I am a newcomer, I will study hard and I love getting your support!"
After everyone was humble, Wu Guangyao gave a 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 gave it to her; and the group manages all sub-brands uniformly, and Westin Hotel is no exception."
Charles naturally understood what Wu Guangyao meant, and said: "Yes, BOSS!"
The two shareholders of Westin Hotel don’t know that their own hotel is not theirs anymore!
Otherwise, you will be furious!
A characteristic of the hotel industry in the United States is that by the end of the twentieth century, it was all concentrated under the group hotel model.
Like this Westin hotel, if Wu Guangyao does not join the chase, it will be acquired by Starwood Group in the future;
Like the Ritz-Carlton Hotel, if there is no acquisition by Wu Guangyao, it will be acquired by Marriott in the future;
Like the Hilton Hotel, it was also acquired by a consortium!
(End of this chapter)
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Chapter 427【Hotel Tycoon】
Spent a happy weekend with their two sons in Boston, Wu Guangyao and Chris came to New York.
New York, Star Hotel Management Group, headquarters meeting room.
Wu Guangyao, Chris, 4 members of the private advisory group, CEO Charles, Chief Financial Officer George, and Chief Operating Officer Louis, a total of nine people, reported on the two acquisitions.
First acquisition: an acquisition of six Ritz-Carlton hotels in the world owned by only others.
Second acquisition: the acquisition of the Westin hotel chain in the United States.
Wu Guangyao asked: "How is the negotiation progress for the acquisition of the six Ritz-Carlton hotels?"
Jonas said: "Four have been negotiated so far, and there are still two negotiating conditions!"
Wu Guangyao moved his sword eyebrows, and said, "If the money is not in place, are you still unwilling to sell?"
Jonas said: “One family has offered sky-high prices, and one family may not want to lose this hotel.”
Wu Guangyao nodded, even if it is a negotiator, there are people who can’t figure it out. This is normal.
Wu Guangyao directly said: "Does the family that make sky-high prices have any background?"
Jonas shook his head and said: "It's a merchant family, and there may be something wrong with the family finances, so I want to kill us!"
Wu Guangyao said decisively: "Tell him that if he disagrees with the sale, we will open another Ritz-Carlton hotel nearby; at that time, the two Ritz-Carlton hotels will have a comparison between the real and the fake; Whose service is better, whose hardware facilities are more luxurious!"
Jonas said: "Good way, boss rest assured, I will get him done soon!"
Wu Guangyao nodded, and then said, “I don’t want to sell it. Is it because the family is not short of money and has feelings for this hotel?”
This is easy to imagine!
Jonas said: "Yes! And this family is quite influential in the local area, the political and business terms are very powerful! So, I have a suggestion, please comment on the boss!"
"you say!"
"The two companies cooperate! We seek to buy shares and strive for management rights; after all, the management of our Star Hotel Group is already among the world's first-class, I believe they will not refuse!"
"Agree, do as you say!"
Jonas’s approach is indeed very good. This family has feelings for the hotel and naturally hopes that the hotel will become better;
Generally, hotel management can be considered excellent only under group management!
It’s okay to let this family become a major shareholder, as long as it obeys the management of the group!
Wu Guangyao then said to the financial consultant Morse: "What's the problem with loans?"
Morse said: "No problem. Both Citibank and Wells Fargo have agreed to loans and are willing to provide more loans."
Unexpectedly, 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 self-owned and valuable;
So the fixed value of the entire hotel group may be worth 400 million U.S. dollars, and the brand value may also be worth over 100 million U.S. dollars;
A company with such strong assets has a debt of only 50 million U.S. dollars. It is no wonder that the two banks in the United States are willing to provide more loans;
What’s more, behind the Starlight Hotel Group is the world’s ship king, and it’s not unknown that the United States has two political and business terms!
For this, Wu Guangyao is not at all worried that the Americans will embarrass him;
Hotel investment is an industrial investment, and Wu Guangyao is also an investment of real money and silver, which has solved a large number of American jobs;
So, the US government has no reason not to welcome it!
In these years, Wu Guangyao has not thought about using his foresight to invest in more American industries;
However, every time I think of myself as a yellow colony, I have to give up this idea!
It’s very simple. If Americans know that you make American money, it’s too easy;
Excuse me, will the Americans keep you stable?
the answer is negative!
Therefore, if Wu Guangyao invests heavily in the United States, he will have to wait for him and Kayla’s eldest son Wu Xianlei (naturalized) to grow up before he can be justified;
Like Murdoch in his previous life, if he is not American, he will be greatly restricted!
Wu Guangyao then asked Morse: "Has the Westin Hotel’s acquisition budget come out?"
Morse handed a piece of information to Wu Guangyao and said: "The Westin Hotel operates these three five-star hotels, three four-star hotels, five three-star hotels, and 21 hotels. Responsible for the management of more than 30 Westin hotels; after discussions, we gave the purchase price of 120 million U.S. dollars."
Westing Hotel is also a hotel management company that allows franchising. It is precisely because of this that Wu Guangyao has taken a fancy to it;
No matter how many hotels, they can be built;
But the culture, brand, and management of a hotel require long-term precipitation and accumulation;
Then the acquisition of Westin Hotels will bring the management and operation of Star Hotel Management Group to a higher level!
Wu Guangyao said: "How much premium is acceptable?"
Morse said: "Up to 30%"
Westing’s acquisition requires 160 million U.S. dollars; plus six Ritz-Carlton hotels, 110 million U.S. dollars;
A total of 270 million U.S. dollars is needed, but Wu Guangyao only plans to spend 100 million U.S. dollars to invest in the Star Hotel Management Group;
So, the remaining 170 million US dollars can only be loaned!
To be honest, Wu Guangyao believes that he has two goals for investing in hotels:
First, consume your own cash and invest in the real estate industry in disguise; 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, to increase their influence. The hotel is a big worker and can feed many people; therefore, Wu Guangyao can give himself a protection card.
Onassis these years, a large part of the profits made by shipping went to the hotel industry and real estate industry;
Because of this, the Onassis family died before Onassis’ son, and Onassis died later, Onassis’ daughter Christina could help the old courtiers to prevent the company from closing down;
Until the 21st century, Onassis' granddaughter is still a rich man!
However, the curse of the Onassis family has never let off the descendants of Onassis, what a pity!
Wu Guangyao said to Charles Star Group President: “After these two acquisitions, we need to rectify the hotel business in the United States while transferring investment to Europe and Asia.”
Charles nodded and said: "Indeed, our luxury hotels in the United States have been spread all over the country and need to be digested for several years! Investment in Europe and Asia, we can run Westin Hotels as a mid-to-high-end brand, which can quickly spread the market. ."
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 Westin Hotels and a 40% important shareholder."
Wu Guangyao finished speaking, watching the reactions of Charles and others;
Charles responded the fastest and took the lead in applauding to express welcome!
"Welcome Miss Chris to join our team!"
"Thank you for your welcome! I am a newcomer, I will study hard and I love getting your support!"
After everyone was humble, Wu Guangyao gave a 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 gave it to her; and the group manages all sub-brands uniformly, and Westin Hotel is no exception."
Charles naturally understood what Wu Guangyao meant, and said: "Yes, BOSS!"
The two shareholders of Westin Hotel don’t know that their own hotel is not theirs anymore!
Otherwise, you will be furious!
A characteristic of the hotel industry in the United States is that by the end of the twentieth century, it was all concentrated under the group hotel model.
Like this Westin hotel, if Wu Guangyao does not join the chase, it will be acquired by Starwood Group in the future;
Like the Ritz-Carlton Hotel, if there is no acquisition by Wu Guangyao, it will be acquired by Marriott in the future;
Like the Hilton Hotel, it was also acquired by a consortium!
(End of this chapter)
Chapter 427Hotel TycoonSpent a happy weekend with their two sons in Boston, Wu Guangyao and Chris came to New York.New York, Star Hotel Management Group, headquarters meeting room.Wu Guangyao, Chris, 4 members of the private advisory group, CEO Charles, Chief Financial Officer George, and Chief Operating Officer Louis, a total of nine people, reported on the two acquisitions.First acquisition: an acquisition of six Ritz-Carlton hotels in the world owned by only others.Second acquisition: the acquisition of the Westin hotel chain in the United States.Wu Guangyao asked: "How is the negotiation progress for the acquisition of the six Ritz-Carlton hotels?"Jonas said: "Four have been negotiated so far, and there are still two negotiating conditions!"Wu Guangyao moved his sword eyebrows, and said, "If the money is not in place, are you still unwilling to sell?"Jonas said: One family has offered sky-high prices, and one family may not want to lose this hotel.Wu Guangyao nodded, even if it is a negotiator, there are people who can't figure it out. This is normal.Wu Guangyao directly said: "Does the family that make sky-high prices have any background?"Jonas shook his head and said: "It's a merchant family, and there may be something wrong with the family finances, so I want to kill us!"Wu Guangyao said decisively: "Tell him that if he disagrees with the sale, we will open another Ritz-Carlton hotel nearby; at that time, the two Ritz-Carlton hotels will have a comparison between the real and the fake; Whose service is better, whose hardware facilities are more luxurious!"Jonas said: "Good way, boss rest assured, I will get him done soon!"Wu Guangyao nodded, and then said, I don't want to sell it. Is it because the family is not short of money and has feelings for this hotel?This is easy to imagine!Jonas said: "Yes! And this family is quite influential in the local area, the political and business terms are very powerful! So, I have a suggestion, please comment on the boss!""you say!""The two companies cooperate! We seek to buy shares and strive for management rights; after all, the management of our Star Hotel Group is already among the world's first-class, I believe they will not refuse!""Agree, do as you say!"Jonas's approach is indeed very good. This family has feelings for the hotel and naturally hopes that the hotel will become better;Generally, hotel management can be considered excellent only under group management!It's okay to let this family become a major shareholder, as long as it obeys the management of the group!Wu Guangyao then said to the financial consultant Morse: "What's the problem with loans?"Morse said: "No problem. Both Citibank and Wells Fargo have agreed to loans and are willing to provide more loans."Unexpectedly, 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 self-owned and valuable;So the fixed value of the entire hotel group may be worth 400 million U.S. dollars, and the brand value may also be worth over 100 million U.S. dollars;A company with such strong assets has a debt of only 50 million U.S. dollars. It is no wonder that the two banks in the United States are willing to provide more loans;What's more, behind the Starlight Hotel Group is the world's ship king, and it's not unknown that the United States has two political and business terms!For this, Wu Guangyao is not at all worried that the Americans will embarrass him;Hotel investment is an industrial investment, and Wu Guangyao is also an investment of real money and silver, which has solved a large number of American jobs;So, the US government has no reason not to welcome it!In these years, Wu Guangyao has not thought about using his foresight to invest in more American industries;However, every time I think of myself as a yellow colony, I have to give up this idea!It's very simple. If Americans know that you make American money, it's too easy;Excuse me, will the Americans keep you stable?the answer is negative!Therefore, if Wu Guangyao invests heavily in the United States, he will have to wait for him and Kayla's eldest son Wu Xianlei naturalized to grow up before he can be justified;Like Murdoch in his previous life, if he is not American, he will be greatly restricted!Wu Guangyao then asked Morse: "Has the Westin Hotel's acquisition budget come out?"Morse handed a piece of information to Wu Guangyao and said: "The Westin Hotel operates these three five-star hotels, three four-star hotels, five three-star hotels, and 21 hotels. Responsible for the management of more than 30 Westin hotels; after discussions, we gave the purchase price of 120 million U.S. dollars."Westing Hotel is also a hotel management company that allows franchising. It is precisely because of this that Wu Guangyao has taken a fancy to it;No matter how many hotels, they can be built;But the culture, brand, and management of a hotel require long-term precipitation and accumulation;Then the acquisition of Westin Hotels will bring the management and operation of Star Hotel Management Group to a higher level!Wu Guangyao said: "How much premium is acceptable?"Morse said: "Up to 30%"Westing's acquisition requires 160 million U.S. dollars; plus six Ritz-Carlton hotels, 110 million U.S. dollars;A total of 270 million U.S. dollars is needed, but Wu Guangyao only plans to spend 100 million U.S. dollars to invest in the Star Hotel Management Group;So, the remaining 170 million US dollars can only be loaned!To be honest, Wu Guangyao believes that he has two goals for investing in hotels:First, consume your own cash and invest in the real estate industry in disguise; 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, to increase their influence. The hotel is a big worker and can feed many people; therefore, Wu Guangyao can give himself a protection card.Onassis these years, a large part of the profits made by shipping went to the hotel industry and real estate industry;Because of this, the Onassis family died before Onassis' son, and Onassis died later, Onassis' daughter Christina could help the old courtiers to prevent the company from closing down;Until the 21st century, Onassis' granddaughter is still a rich man!However, the curse of the Onassis family has never let off the descendants of Onassis, what a pity!Wu Guangyao said to Charles Star Group President: After these two acquisitions, we need to rectify the hotel business in the United States while transferring investment to Europe and Asia.Charles nodded and said: "Indeed, our luxury hotels in the United States have been spread all over the country and need to be digested for several years! Investment in Europe and Asia, we can run Westin Hotels as a mid-to-high-end brand, which can quickly spread the market. ."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 Westin Hotels and a 40% important shareholder."Wu Guangyao finished speaking, watching the reactions of Charles and others;Charles responded the fastest and took the lead in applauding to express welcome!"Welcome Miss Chris to join our team!""Thank you for your welcome! I am a newcomer, I will study hard and I love getting your support!"After everyone was humble, Wu Guangyao gave a 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 gave it to her; and the group manages all sub-brands uniformly, and Westin Hotel is no exception."Charles naturally understood what Wu Guangyao meant, and said: "Yes, BOSS!"The two shareholders of Westin Hotel don't know that their own hotel is not theirs anymore!Otherwise, you will be furious!A characteristic of the hotel industry in the United States is that by the end of the twentieth century, it was all concentrated under the group hotel model.Like this Westin hotel, if Wu Guangyao does not join the chase, it will be acquired by Starwood Group in the future;Like the Ritz-Carlton Hotel, if there is no acquisition by Wu Guangyao, it will be acquired by Marriott in the future;Like the Hilton Hotel, it was also acquired by a consortium!End of this chapter
