No regrets ninety-two

Chapter 778 Hotel Project Launch
Wu Xiaozheng is a bit busy now.

Zhuang Ningwen had just left, and just after the small meeting, Weng Jinjun took the initiative to find him again.

He's here to talk about setting up a joint venture hotel management company.

He was more concerned about this matter than Wu Xiaozheng.

This is very natural.

For Wu Xiaozheng, the five-star hotel business is just a small part of his business.

But for Weng Jinjun, this is an opportunity for him to enter the country and expand his career.

Now that you're here, let's clarify the idea of ​​cooperation.

Wu Xiaozheng fell silent, ready to determine the principle of cooperation with Weng Jinjun.

"Let me tell you a piece of good news first. There is news from China that we have reached a cooperation intention with the government for the Grandview Plaza project in Guangzhou, and we will sign a formal investment agreement in the next few days."

Wu Xiaozheng first conveyed a great news to Weng Jinjun.

This is very natural.

Originally, the government had already offered preferential conditions that could be offered, but now under Wu Xiaozheng's instructions, Grandview Group has almost fully accepted them, so it is only natural to quickly reach an agreement.

"Very good, then let's talk about the specific cooperation conditions." Weng Jinjun was overjoyed.

Wu Xiaozheng had already figured out how to cooperate.

Moreover, according to his usual style, this cooperation condition has to be dominated by him.

"The first cooperation condition is that after the hotel is built, 30% of the hotel's operating income will be used as the site rent of Grandview Group." Wu Xiaozheng proposed the first condition.

Weng Jinjun made a small calculation in his heart: This ratio is a little bit high!
As a veteran hotel operator, Weng Jinjun is well aware of one statistic.

For star-rated hotels, venue costs usually account for about 22-25% of total revenue, and the higher the star rating, the higher the proportion.

Obviously, Wu Xiaozheng's condition was slightly beyond the standard, but it was not unacceptable.

Wu Xiaozheng quickly put forward the additional condition of this condition.

"In order to avoid putting pressure on the operation of the hotel, there is no lower limit for venue rent."

Weng Jinjun was overjoyed.

You know, for a star hotel, if the average room occupancy rate is lower than 30%, if the rent is fixed or there is a minimum standard for the rent, then the operation of the hotel will definitely be at a loss.

As for Grand View Hotel in the future, as a new hotel, even if Weng Jinjun has operating experience, he is not sure that the average occupancy rate will reach more than 30% immediately.

With this additional condition, Wu Xiaozheng's first condition was very kind and sincere.

"In addition, in order to reduce the burden on the cooperative company, Grandview Group is responsible for all the hardware equipment investment in the hotel, but the specific soft decoration and operating equipment investment are in charge of the joint venture company."

Here comes the second proviso.

Weng Jinjun was overjoyed again.

This is another very sincere condition.

According to the cooperation practice of hotel management, generally speaking, the venue only provides the operating venue, and the decoration and renovation of the venue, equipment and other investment are the business of the operator.

Now Wu Xiaozheng is taking the initiative to undertake the investment in hardware equipment, which is equivalent to reducing the investment pressure for the joint venture company.

Very kind, very sincere!

This is Weng Jinjun's judgment on the first cooperation condition.

As for Wu Xiaozheng, the conditions he put forward also have deep meaning.

Running a five-star hotel in Tianhe, besides Grandview Plaza, Wu Xiaozheng is not worried about the hotel's business failure.

Unless the operating capacity of the operator is too poor.

Therefore, 30% of the operating income will be used as venue rent, which will bring a lot of income to Grandview Group, making it a stable "charter woman".

Because I know it well, this ratio is actually a little bit cheap.

But the cooperation is long-term, and Wu Xiaozheng must give favorable conditions, so that the partners can feel at ease and the cooperation can go on for a long time.

So he put forward the additional conditions of not setting a lower rent limit and bearing the investment in hardware equipment.

As for why he had to bear the investment in hardware equipment, Wu Xiaozheng also thought about it.

In case Weng Jinjun's limited operating capacity causes the five-star hotel to lose money, or its operation damages the reputation of the Zhengjia brand, Wu Xiaozheng can terminate the cooperation at any time.

At that time, in order to avoid disputes over the ownership of the immovable facilities, Wu Xiaozheng might as well bear this part of the investment himself from the beginning.

"My second condition is that Zhengjia Group must be the major shareholder of the joint venture company, and the shareholding ratio can be 51%."

This is a principle of cooperation that Wu Xiaozheng must adhere to.

Wu Xiaozheng doesn't need to intervene in specific business matters, but he must have the decision-making power of the joint venture company.

it is necessary.

You know, whether it is the name of the hotel or the joint venture company, they all use the signboard of "Grandview".

Weng Jinjun also accepted this condition.

"In that case, you can talk to him about specific matters." Wu Xiaozheng pointed to silence.

This is his usual style.

If it were a group of newcomers, Wu Xiaozheng might still be worried, but Weng Jinjun is an expert in hotel management. Now that the specific cooperation framework is clear, he should know what to do next.

This is what Wu Xiaozheng values ​​him, and why he was chosen as a partner.

What Weng Jinjun has to do now is actually very simple, that is, first gather a group of people, set up the core team of the hotel management company, first intervene in the architectural design of the hotel, and then go to China to prepare for the opening of the hotel.

Regardless of whether the joint venture company is established abroad, most of the hotel's operating personnel will be recruited or trained domestically.

Only the main core team will invite the most experienced professionals from abroad.

Of course, it is easy to say, but it is very cumbersome to do it.

For example, after the core team is recruited, they must go to the country for investigation immediately, understand the relevant domestic standards for five-star hotels, investigate competitors in the region, and then design their own business style and competitive advantages for Grandview Hotel...

Then it is to determine the architectural design plan of Grandview Hotel, followed by the decoration design plan, recruitment and training of operating personnel...

There is a lot of chores to do.

Wu Xiaozheng believes that in these aspects, Weng Jinjun should be more aware than himself, and will consider more comprehensively.

Otherwise, it proves that he is not a qualified partner.

His worries proved unnecessary.

As soon as Wu Xiaozheng's cooperation framework was clarified, Weng Jinjun discussed the next plan with Shen Mo.

As expected by Wu Xiaozheng, Weng Jinjun thought very comprehensively, and listed out the next things in an orderly manner, and his thinking was very clear and focused.

Of course, it also looks very professional.

This would be an ideal partner!
Wu Xiaozheng had a basic judgment.

So far, another pillar enterprise of Wu's enterprise is about to rise in the country.

(End of this chapter)