Rebirth of the Financial Crisis Sweeping the World

  Chapter 443 443 Happy two women, buy a five-star hotel!

  Connected, Wang Guanxi asked: "Robert, what's the matter?"

  Robert Harrison: "BOSS, I contacted Rob Emerson, the owner of Hawaii International Hotel"

  Wang Guanxi nodded: "That's good. I bought the Hawaii International Hotel if the price was right."

  At the moment of economic crisis and real estate plummeting, the price of acquiring five-star hotels in Hawaii is not high.

  Previously, the rich in China’s four provinces spent US$78 million to acquire a five-star hotel in Texas in the United States in 2007, claiming to recover its investment in 15 years.

  While Hawaii is an international tourist destination, the Hawaii International Hotel is located in the capital Haw Fragrant Mountain. The price is naturally much higher than that of Texas.

  Now that the economic crisis is taking place, the valuation of five-star hotels will be greatly discounted. For example, the market value of many listed hotel groups has fallen by more than 70% since last year.

  It is like the world’s largest and most diversified hotel group, Wyndham Hotel Group. Its share price has fallen from a maximum of US$40 per share in 2007 to US$3 per share today, a drop of more than 90%.

  The economic crisis has caused many wealthy people and middle-class people to reduce their expenses, and the hotel industry has suffered a huge impact.

  Now is also a good opportunity for bargain-hunting hotels.

  Although the acquisition of a five-star hotel will not add much value in assets, it can continue to be profitable for many years as a real estate.

  Hawaii has a warm climate and is a good place for vacation. It has been convenient for everyone to come here for vacation. After all, if you live in a villa, there are too many people, which is not convenient for men and women.

At this time, Robert Harrison said: "BOSS, Rob Emerson, the owner of Hawaii International Hotel, has heard that you are going to buy the Hawaii Hotel and are returning to Hawaii. As for the price, he wants to talk to you in private, and cannot disclose any of his News, and the acquisition of Hawaii International Hotel."

  "Talk in private? Don't disclose any information?" Wang Guanxi was taken aback and asked: "What happened? Is the equity of this Hawaii International Hotel still in his hands?"

Robert Harrison said: "The lawyer has verified that the shares of Hawaii International Hotel are still in Rob Emerson's name. It is rumored that the mining company that Rob Emerson invested in Africa has gone bankrupt. I don't know if it is true. , But whether his mining company in Africa goes bankrupt does not affect our acquisition of Hawaii International Hotel. This Hawaii International Hotel is doing pretty well without any debt."

  Wang Guanxi said: "Well, the equity is in his name. By the way, go and verify Rob Emerson's assets in Africa. When he returns to Hawaii, you can bring him to see me directly."

  I don’t know if Rob Emerson is hunting in Africa. Has the mining company in Africa gone bankrupt?

  However, with this acquisition of the Hawaii International Hotel under the name of Rob Emerson, Wang Guanxi does not want to get into any trouble, and must simply verify this guy’s assets.

  "Good BOSS" Robert Harrison said.

After finishing the call, Wang Guanxi spoke to Luo Baowen, Zhang Xiaolei, Jennifer Lawrence, and Ford Ingrid, who were still taking pictures nearby, said: "The owner of Hawaii International Hotel Rob Emerson is coming back from Africa this time. The acquisition of Hawaii International Hotel should be no problem"

  Jennifer Lawrence asked excitedly: "BOSS, are you really going to buy it?"

  When she was by the pool that night, she said that she liked the Hawaii hotel very much, and suggested Wang Guanxi to buy it, but she didn't expect Wang Guanxi to buy it.

  This really makes her feel happy.

  Wang Guanxi smiled and said: “Of course I want to buy it. Now the owner of Hawaii International Hotel Rob Emerson has rushed back from Africa.”

  Ford Ingrid said with joy: "Wang, I like this hotel very much, but if you really want to buy it, it will cost a lot of money."

  She felt that Wang Guanxi must be very concerned about what she said in her heart. She liked the Hawaii International Hotel. She simply said a suggestion in front of Wang Guanxi, and then Wang Guanxi really wanted to buy it within a few days.

  Wang Guanxi smiled and said, “It’s good if you all like it. Enjoy the food in the hotel during this time, and you can stay here anytime in the future.”

  Jennifer Lawrence and Ford Ingrid are very excited. They feel that Wang Guanxi bought them exclusively for them, but they are a little jealous in their hearts, and they are eager that Wang Guanxi will only buy them for themselves.

  At this time, Luo Baowen asked: "BOSS, how much is the price of this Hawaii hotel?"

Wang Guanxi said: "I learned that Hawaii International Hotel does not have any debts." Then he glanced at the Hawaii International Hotel in the distance, which covers a large area. He estimated: "If we acquire all of its shares If it does, it should not exceed US$150 million."

  Luo Baowen was surprised and said: "150 million US dollars? This is a bit too much, and this hotel can't make much money in a year."

  Her Luo family is in the hotel industry, and now the Regal Hotel Group has become a company under the Heishan Hotel Group.

  As the former female president of the Regal Hotel Group, she has a great say.

  150 million US dollars, the price is really high.

For example, for a five-star hotel in a first-tier city with more than 300 rooms, the annual revenue is about 120 million. After deducting various expenses, miscellaneous expenses and amortization, the profit should be about 20%, which is 2400. Ten thousand yuan.

  150 million U.S. dollars, which is 1 billion Hong Kong dollars by calculation. In this calculation, it will take 40 years to return to the original.

Thinking of this, Luo Baowen continued: “Boss, I feel that this 150 million US dollars is too high, and it is more than 1 billion Hong Kong dollars. Even in a tourist resort like Hawaii, it is not worth it. If 150 million US dollars, you need at least The cost can only be recovered in 20 to 40 years, which is simply not worth it."

  At present, the five-star Laguna Hotel under the Heishan Hotel Group acquired a 51% stake at the time. The starting price was HK$300 million, and the final price was HK$500 million. She felt that it was not worth it.

  Wang Guanxi actually didn’t understand the hotel field. When he bought the hotel, it was convenient to live and eat, and it was just to increase his control.

   Although the hotel industry is profitable, it is not a particularly profitable industry.

   So Wang Guanxi said: "Secretary Luo, it took 20 to 40 years to recover the cost, how do you say? I also plan to build a new five-star hotel in Hawaii."

Luo Baowen then said carefully: "BOSS, let me calculate the construction cost of a five-star hotel with you. A room is calculated at an average of 80 square meters. The lowest 50 rooms on the first floor is 4000 square meters, and the lowest 5 floors is 20,000. One square, one square is calculated according to the European standard of 8000, that is 160 million. The lowest estimated price is 40 million after renovation, which is 200 million. If a room is calculated as 1,000 a day, the occupancy rate is 80%, which is very high. Plus, a year’s revenue of 150 million, minus staff costs, water and electricity, various maintenance, net profit of 30 million per year!"

"According to the 20% net profit of Laguna Hotel’s annual revenue, the average annual net income of this Hawaii International Hotel is 50 million Hong Kong dollars, which is the limit, 150 million US dollars but 1 billion Hong Kong dollars, and the lowest cost of recovery is 20 years. Woolen cloth"

  Wang Guanxi did not expect Luo Baowen to be such a professional. After listening to it, he nodded: "150 million US dollars is indeed high. Then 100 million US dollars will be capped. I don't want to be pitted."

At this time, Zhang Xiaolei said: "Mr. Wang, in fact, the economic crisis is so serious now that there are fewer tourists in Hawaii. Although the Hawaii International Hotel is in the most prosperous location, its performance has also been hit, and the low prices have plummeted. The value of this hotel is estimated to be less than US$80 million."

  Wang Guanxi glanced at the hotel in the distance, and smiled: “It’s true, but it’s a bargain hunter this time. It covers a large area. Buy it first and talk about it. It’s also convenient to come to Hawaii in the future.”

  Thinking about it, Wang Guanxi said: “I bought hotels more for food, accommodation, and turning cash into real estate, 100 million U.S. dollars. In fact, I really don’t care very much. It has nothing to do with the return on investment.”

  Luo Baowen and Zhang Xiaolei were shocked. Everyone is accustomed to thinking about problems in terms of return on investment. It depends on whether this hotel is worth investing in and the rate of return on this investment project.

  The purpose of Wang Guanxi's acquisition of a five-star hotel is to have vacation, food, accommodation, and holding real estate, which is a bit of subverting the concept of the two.

  Jennifer Lawrence and Ford Ingrid were inadvertently forced to conquer by Wang Guanxi. It was the first time I heard that buying a five-star hotel was for vacation and food.

  The boys they admire, and the boys they adore are really different, and other men are far from it.

   Then Wang Guanxi sent a message to Robert Harrison, telling him that this time the purchase price of Hawaii International Hotel is less than 80 million US dollars.

   So Robert Harrison went to bid 70 million US dollars.

  The following morning, Wang Guanxi, Jennifer Lawrence and Ford Ingrid were bathing in the sun by the pool, drinking juice and enjoying the beauty of the morning.

  I remembered the call again, it was Robert Harrison of the Bank of Hawaii.

  Connected, Wang Guanxi asked: "Robert, how is the matter?"

   On the phone, Robert Harrison said: "BOSS, things are not good,"

  Wang Guanxi asked: "What's the matter?"

  Robert Harrison said: "Wyndham Hotel Group and Shangri-La Hotel Group want to jointly acquire Hawaii International Hotel, the price is higher by 5 million US dollars."

  They offer 70 million U.S. dollars here, while Wyndham Hotel Group and Shangri-La Hotel Group are higher by 5 million U.S. dollars.

  Behind the Shangri-La Hotel Group is the Kwok Consortium in Malaysia. At that time, Guo Huibing, the President of the Shangri-La Hotel Group, also competed with Wang Guanxi for the Laguna Hotel Group.

  At that time, Wang Guanxi's price of 500 million yuan took the Ligang Hotel Group and crushed Guo Huibing. He did not expect to encounter Guo Huibing again this time to compete.

  Wang Guanxi said, "Then 80 million dollars."

  The price increase is 5 million US dollars, that is 38 million Hong Kong dollars. Look at Wyndham Hotel Group, Shangri-La Hotel Group dare not add it.

   "Yes, BOSS, I will call right away" Robert Harrison said quickly.

At 5:30 in the afternoon, Wang Guanxi and others were walking by the beach. Robert Harrison’s call came and said: “BOSS, the current owner of Hawaii International Hotel Rob Emerson has returned to Haw Xiangshan City and is rushing back. Hawaii International Hotel, and Khalifa Wyndham, president of Wyndham Hotel Group, and Guo Huibing, president of Shangri-La Hotel Group, also came. The situation seemed a bit wrong. Rob Emerson also didn’t believe in verbal promises. You want to come back. Is the hotel bidding?"

   "Well, then I will go back to the hotel and have a look, let's all bid together." After Wang Guanxi finished speaking, he took Ford Ingrid and Jennifer Lawrence into the car and returned to the Hawaii International Hotel.

  It was 7:30 in the evening when I returned to the hotel.

  At the moment, many people look impatient in the lobby of the hotel.

  There are mainly four people here, and the others are lawyers or assistants.

  The four people are Robert Harrison, CEO of Bank of Hawaii, Rob Emerson, owner of Hawaii International Hotels, Khalifa Wyndham, President of Wyndham Hotel Group, and Guo Huibing, President of Shangri-La Hotel Group.

  Rob Emerson was a little anxious, but he did not speak. This time he closed an African mining company, and he also owed a large amount of private debt, which is no longer repayable.

The creditors were also pressing hard, and he had no choice. He temporarily ran away to Africa and sold his assets to repay his debts. When he came back this time, he wanted to sell the Hawaii International Hotel, but he did not expect to be sold by one of the creditors, Harry of the Wyndham family. Far Wyndham was caught and wanted to take away his Hawaii International Hotel to pay off the debt, and the court was also acting.

  Now he only hopes to sell it for a good price. If the assets in Africa are sold again, he may not need to file for personal bankruptcy.

  Khalifa Wyndham, president of Wyndham Hotel Group, frowned: "It's been two hours!"

   Then he said to Robert Harrison, CEO of Bank of Hawaii: "Mr. Robert, why hasn't your boss returned?"

  Robert Harrison said: "My boss will be here soon, no hurry! Wait!"

  Guo Huibing, president of Shangri-La Hotel Group, sneered: “He should have given up voluntarily? Otherwise, it’s been two hours, why isn’t he coming?”

  At this time, a boy walked in, dressed in black, with two beautiful girls around him.

  It is Wang Guanxi, Jennifer Lawrence, Ford Ingrid.

   "You have been waiting for a long time, have you all had dinner? If not, have dinner first"

  A straight-haired Khalifa Wyndham responded coldly: "Come on, just bid, don’t talk nonsense, I don’t want to listen to nonsense either."

  Guo Huibing also coldly held Wang Guanxi, and said: "Wang Guanxi, you are finally back, I thought you were not coming."

  Wang Guanxi yawned, ignoring the two of them, and then asked, "Are you still bidding now?"

  The owner of the Hawaii International Hotel, Rob Emerson, said enthusiastically: "Mr. Wang, you are finally back. Sorry, I was cheated by someone before. I don’t believe in verbal Chen Nuo, so I’m sorry you come back to bid."

Wang Guanxi yawned and said, "It's okay, I plan to go back to the hotel anyway, but I'm just coming back early." Then Wang Guanxi squinted Khalifa Wyndham and Guo Huibing with a slight look. Said: "Let's bid now, after the bidding, I still have dinner."

  So Wyndham Hotel Group and Shangri-La Hotel Group jointly offered a price of US$82 million.

  Khalifa Wyndham, president of Wyndham Hotel Group, has not forgotten to warn Rob Emerson, "I hope you sell to us"

  This Wyndham Hotel Group is one of the three major subsidiaries of Wyndham Worldwide, and belongs to the core business of their Wyndham family. During this economic crisis, it suffered a lot of losses, but it continued to expand.

  This time, he focused on the Hawaii International Hotel, and the owner of the Hawaii International Hotel still owes a loan to Wyndham Financial Corporation. He is insolvent.

  However, Wyndham Hotel Group also suffered heavy losses in the economic crisis and the capital flow was short. So it found an Asian partner, and Shangri-La Hotel Group acquired Hawaii International Hotel together.

  This Hawaii International Hotel, they are bound to win, but this Wang Guanxi suddenly came out to compete with them, making him feel like his prey was being robbed.

  Originally, he planned to go through legal procedures to get a low valuation of the Hawaii International Hotel, and then eat it at a low price. Unexpectedly, it became a bidding now.

  "Rob Emerson, I don’t really want to prosecute you for fraud, I hope you think it through."

  Rob Emerson held back his anger. This Khalifa Wyndham had made it clear that he was threatening him, but he would not compromise like this, and it would be a big deal.

  Now he only needs to sell at a high price, he can avoid bankruptcy and settle his debts slowly.

  At this time, Wang Guanxi said indifferently: "It's only 82 million US dollars, haha, I bid 86 million US dollars!"

  Khalifa Wyndham and Guo Huibing both looked at Wang Guanxi in irritation.

Now Khalifa Wyndham is really angry. He has bought a number of hotels in order to expand, and the cash is no longer enough. Now he is worried that the hotel group’s capital flow will break, so he doesn’t want to spend too much money. He just stares. Rob Emerson, full of warning.

  But Rob Emerson didn't see it, anyway, the creditor is not worthy of the Wyndham family.

Wyndham Hotel Group has a cooperation with Shangri-La Hotel Group. This joint acquisition of Hawaii International Hotel is also an opportunity for Shangri-La Hotel Group to open up the U.S. market and deepen with the Wyndham family, especially since Hawaii is the sugar island of the United States. The core company of the consortium is engaged in the sugar industry. Her father, Kwok Henian, is known as the sugar king of Asia. In the future, the sugar empire of the Kwok consortium will expand to Hawaii.

  Thinking of this, Guo Huibing asked Khalifa Wyndham in a low voice: “Mr. Wyndham, how about we bid 90 million US dollars? Our Shangri-La Hotel Group invested 40 million US dollars, and you contributed 50 million US dollars.”

  Khalifa Wyndham nodded, so Guo Huibing shouted: "We give 90 million US dollars."

  90 million US dollars is nearly 700 million Hong Kong dollars.

   700 million Hong Kong dollars to acquire a five-star hotel in Hawaii, it will take many years to recover the cost, but for Shangri-La's strategy, she does not mind investing 40 million US dollars to run the Hawaii International Hotel with the Wyndham family.

  Wang Guanxi did not expect that the woman Guo Huibing bid 90 million US dollars. It seems that the Shangri-La Hotel Group's losses in the economic crisis are not terrible.

  While Khalifa Wyndham looked at Wang Guanxi in a daze, he sneered and said: "Aren't you shouting?"

  "Uh" Wang Guanxi looked at such a domineering guy, and then he smiled: "$92 million, you can continue to increase it"

  Khalifa Wyndham looked gloomy, then looked at Guo Huibing, stretched his head over and whispered, “How about your Shangri-La Hotel Group’s investment of US$45 million?”

  Guo Huibing struggled inwardly.

  Add 5 million US dollars, which is a price increase of 38 million Hong Kong dollars, which is the net profit of a five-star hotel for one year.

  But in order to win the Hawaii International Hotel, she nodded, gave Wyndham a relieved look, and then shouted: "95 million U.S. dollars"

  Wang Guanxi smiled and said: "Ms. Guo Huibing, you are really willing to pay for it, and you actually called out the price of 95 million US dollars."

  Guo Huibing replied: “Aren’t you willing to pay your money? Your Black Shirt Hotel Group is not having a good time in Hong Kong right now. To be honest, you should give up. You are not a hotel manager, and the people below you are even worse!”

  The Black Shirt Hotel Group has always been in a competitive relationship with Shangri-La Hotel Group in Hong Kong.

  Wang Guanxi laughed.

  At this time, Khalifa Wyndham urged: ‘Hey, are you shouting or not? "

   "If you can't afford to shout, don't shout, we bought the Hawaii International Hotel for $95 million!"

  Wang Guanxi glanced contemptuously at Khalifa Wyndham, and said lightly: "100 million U.S. dollars!"

   "If you add 10 million dollars more, it will be yours"

   "Dare to add?"

  Khalifa Wyndham's face suddenly flushed with suffocation.

  At this time, Wang Guanxi said indifferently: "Girl Guo Huibing, add another 10 million dollars?"

  Guo Huibing also flushed and did not answer.

  Khalifa Wyndham gave Wang Guanxi angrily, and said: "Very well, this is the Wyndham family remembered."

  Guo Huibing also followed and left, still not forgetting: "Wang Guanxi, let's go and see!"

  Wang Guanxi shook his head, and said disdainfully: "These two ignorant people, you will look good in the future."

  And Rob Emerson, the owner of Hawaii International Hotel, was very excited at the moment. He thought it would be good to be able to sell for US$80 million, but he did not expect the price to reach US$100 million.

  "Mr. Wang, thank you, this money can save me from going bankrupt." Rob Emerson looked at Wang Guanxi with gratitude.

  Wang Guanxi smiled faintly: "Mr. Rob Emerson, you are welcome, the Hawaii International Hotel is worth the price."

  At this time, Robert Harrison walked up to Wang Guanxi and asked, "BOSS, is it acquired under the name of the Bank of Hawaii?"

  “The Bank of Hawaii’s own funds are a little short at present, but it can still be acquired”

  Wang Guanxi said: "No, buy the Hawaii International Hotel in the name of the Crown Trust Foundation!"

   "Yes, BOSS" Robert Harrison then went to arrange a lawyer.

  After dinner, he quickly signed a contract with Rob Emerson. Wang Guanxi used the No. 1 fund to transfer 100 million U.S. dollars to the Crown Trust, leaving 3.1 billion U.S. dollars.

  Then Crown Trust Fund bought 100% of Hawaii International Hotel as real estate in Hawaii.

  (End of this chapter)