Chapter 390 Two Good News
Author: Underwater Wild Fish
"Aren't you willing directly? Are you unwilling to negotiate the price?" Chen Zhiwen asked.
"Yes, the team in Hong Kong couldn't make a decision on this matter. They reported it to Hilton's US headquarters. The headquarters sent a person over and told my people directly that they would not sell out the contract. They also said
They are very optimistic about the future of Hong Kong and require us not to interfere with the daily affairs of the Hilton Hotel in accordance with the contract." Li Haonan said.
"This American guy is more optimistic about the future of Hong Kong than the British guy, which is really interesting." Chen Zhiwen said with a smile. He remembered that in the original history, Li Ka-shing bought out the contract of the Hilton Hotel, which was also 85 years later, that is,
He said that no matter how the economy in Hong Kong deteriorates in the past two years or how many rumors spread, it will not affect the Hilton Hotel. At most, it will only temporarily make the sound worse.
"Many of the British people in Hong Kong are short-sighted. They believe that if Hong Kong does not follow the British, the economy will inevitably collapse. They do not want to think that so many areas follow the British. Hong Kong can develop simply because Hong Kong is
It’s just a platform for the mainland’s internationalization.” Li Haonan said with a smile: “On the contrary, the relationship between the mainland and the United States is now good, and there are many economic cooperations. American capital is still very optimistic about Hong Kong. We just need to wait until this period of time passes!”
"But this period of time has passed, which is not good for us. Once Hong Kong's economy improves, Hilton Hotels will probably be even more unwilling to sell off its joint venture!" Chen Zhiwen said.
"This kind of thing usually doesn't succeed the first time. I'd better arrange to talk to them again." Li Haonan said again, involving a buyout contract worth hundreds of millions, it is indeed unlikely that it can be negotiated quickly.
Maybe the other party's first strong refusal is also a bargaining chip for subsequent price increases.
"Normally, if it were the other way around and someone wanted to ask me to buy such a long-term contract, they would probably get angry. Besides, anyone with a discerning eye can actually see our purpose of buying out the contract." Chen Zhiwen nodded and said.
Based on the land prices in Hong Kong, even if the land prices in Central have dropped a bit, their value is still many times what it was before.
When land prices and house prices were low, it was not cost-effective to demolish and build a new building. At that time, it was better to find a piece of land nearby, but the house prices were high, so the cost of demolition was not worth mentioning. Let’s talk about the land king next door.
At its peak, the price was HK$7.3 billion, which is the construction cost of how many Hilton hotels could be purchased!
As for why we can guess that Chen Zhiwen will demolish it after the acquisition, the first is because his properties need a larger headquarters, and the second is that the Hilton Hotel has a history of more than 20 years, and the original decoration is old and outdated.
, The business during this period is not bad, but it is not good either. It is far inferior to the Cultural Oriental or the Grand Hotel. The third is that such good land is used for hotels. It would be a pity to build an office building to make more money. This
For this business, the media has already figured it out for Chen Zhiwen.
"What are you thinking?" Henry Morgan smiled and said, "For those of us who make financial investments, the most taboo thing is to end up personally. This time I came here just to make a plan for some large-scale trade between China and the United States.
It’s just an investigation in advance, our bank at Morgan is just participating in the financing!”
"No matter what, we have to fight quickly. It has been delayed for too long. If Hong Kong's future is determined, the economy will recover!" Li Haonan said.
"It's not that fast. The economic crisis won't end in a year or two." Chen Zhiwen said: "But it does need to be faster. As long as the price they ask is not too outrageous, they can be negotiated. But if they really want money randomly,
Then I won't be polite to them. In Hong Kong, we are the local snakes, and we have many ways to deal with them."
"So Morgan's bank is planning to invest in China?" Chen Zhiwen asked curiously.
This is very different from Asian hotel groups. Most of Asia's hotel capital comes from real estate, and they prefer to own their own properties. For example, the Mandarin Oriental Hotel has developed into the 21st century. There are only dozens of hotels in Asia, but its own
Its assets are no less than those of Hilton and Intercontinental.
However, if the area itself is too small, there is nothing that can be done. The Hilton Hotel's land area is large enough, so it is natural that it will build a super building that will be the tallest at present and even in the next few years.
"It's up to you. Anyway, I just want the land." Chen Zhiwen said with a shrug.
"It's not bad, but the hotel in the mainland is a bit worse. My stay was not very comfortable!" Henry Morgan said.
"How is the situation in the mainland?" Chen Zhiwen said with a smile.
"Okay, that's it!" Chen Zhiwen nodded and said.
"There are several five-star hotels under construction in Yanjing in the past two years. I think it will be much better if you go there next year!" Chen Zhiwen said.
"The first thing is naturally the large amount of farm land you want. Over in the United States, the people I entrusted found a dozen large-scale farms in Texas. These farmers have suffered serious losses in the past two years and are thinking of getting out.
In terms of price, the discount should be very large, and over in South America, Argentina has the worst government debt, and they have also agreed to transfer a large number of state-owned farms, so you can take the opportunity to acquire part of it!" Henry Morgan said with a smile.
Although this kind of hotel chain group seems to be very large, with hundreds or thousands of hotels around the world, these are asset-light management models, that is, local capital builds hotels and then hands them over to Hilton for management. Other Intercontinental and Marriott also have
They are all similar, and their market value and scale are actually not large.
"We don't have your confidence, so we won't take risks. Even if it's the junk bonds you mentioned last time, or the South American sovereign bonds, we won't do it ourselves, but will introduce them to our various clients. If they make profits,
Well, we can just enjoy the dividends." Henry Morgan said.
Therefore, before the 1980s, buildings in Hong Kong were generally around 20 floors. Even the prime location of the Diwang Building only had 40 or 50 floors. This was actually because the location of these floors was higher and it was cost-effective to build high-rise buildings.
Hong Kong's super-building construction boom is about to come. Before the 1980s, although Hong Kong's land prices were high and low, in general, they were still far behind other developed cities in the world. After all, the average salary in Hong Kong was too high before.
Lower.
"Okay, if there is any further news, I will report it as soon as possible." Li Haonan said.
The people at the Hilton Hotel are not fools. After a little investigation, they will naturally know Chen Zhiwen's purpose.
"I understand. It's not difficult to deal with them if I really want to. If I hadn't considered that it might affect our group's reputation, I would have taken action long ago!" Li Haonan said with a smile.
"When I was in the mainland, I was in contact with the United States every day, so I came here today to tell you two pieces of good news." Henry Morgan said.
"I know this, and we have also obtained some data on the entry of business people from the mainland. Not only every year, but every month, the number of people is constantly increasing. The mainland's export trade is also developing very well. From this point of view, the mainland
The future economy may not be so bad, and it shouldn't be difficult to reach the economic level of some middle-sized Asian countries!" Henry Morgan said with a smile.
"This is the lesson of hundreds of years of blood and tears." Henry said with a smile: "Those who don't abide by this rule will immediately invest their own money in a certain project when they see that it has great benefits. Maybe most of them can make money, but as long as
If you lose once, you will go bankrupt!"
"That's true. Your investment method is very safe, but you may not be able to get the highest profit!" Chen Zhiwen nodded and said. Many investment banks and hedge funds on Wall Street follow this routine. Even if they are not short of money, they are not interested in it.
You are very confident in a certain investment project, but basically you use other people's money to invest, and then share the profits.
"Okay, try to complete this matter within a month or two, then close the business, demolish the building and register, and then build a new building. It is estimated that it may take three or four years in total. The sooner it is built, the better," Chen Zhiwen said.
A skyscraper, no matter how fast it is built, will take two or three years to build, and the demolition and demolition in front of it also takes time. This is why Chen Zhiwen asked Lei Shengli to send people to find Bei Jinming first. This kind of building alone is
It also takes a long time to get involved.
Hilton Hotel, if it were a few years ago, would have been considered a large company for Chen Zhiwen, and there was no need to take the initiative to provoke it, but now, the status is reversed.
…
Henry Morgan also returned from the mainland.
Half a month later, the time quickly arrived before the New Year.
"Profit and risk coexist!" Chen Zhiwen said with a smile.
When real estate prices are not high, construction costs have a greater impact on housing prices. The higher the floor of a building, the higher the cost per unit area.
However, after the development of the past ten years, Hong Kong's per capita income has increased rapidly, and Hong Kong's housing prices have increased nearly ten times from 1985 to 1997, which has caused major changes in the most basic model of real estate.
Since 1985, land prices in Hong Kong have increased exponentially, which will lead to the fact that in the future, new properties in Hong Kong will all be super buildings, and the record for the highest building in Hong Kong will be broken within a year or two.
"What's the good news?" Chen Zhiwen asked.
"It's easy to talk about it in the United States, but in Argentina, the old rules are that you have to hold 1% of the shares. With an American background, I can feel more at ease." Chen Zhiwen thought for a while and said.
"That's no problem, I just want to participate, but Eric, if you really succeed in all the acquisitions this time, the funds you will spend may exceed 500 million US dollars!" Henry said.
"No problem. Anyway, I only need to provide 10% or 20%, and the rest will be a loan. Morgan's bank should be very happy that I will do this." Chen Zhiwen said with a smile.
"That's true. As long as farm prices don't plummet, there's no risk." Henry nodded and said, "The other thing is that the NBA team you want to acquire has a target."
Chapter completed!