In late September, Lin Zuhui came to the United States. This was the first time he entered American territory after defeating international speculators.
In an office building in California, Barings Bank President Andre, Vice President Harold and others welcomed the arrival of Lin Zuhui.
Barings Bank has two vice presidents, and the other one is Liang Botao, who is in charge of its Asian business; and Harold is an elite talent on Wall Street in the United States, with rich investment banking experience and capabilities.
"BOSS" everyone greeted in high spirits.
Lin Zuhui shook hands with everyone one by one and said with a smile: "Come to the big job, I feel relieved to see that everyone is very confident!"
Everyone laughed in agreement, and felt relaxed for a while. Although the acquisition of Hilton Hotel Group and Four Seasons Hotel this time is a really big job, the degree of difficulty is quite high.
Yes, Lin Zuhui decided to use "leverage" to launch acquisitions of Hilton Hotels and Four Seasons Hotels.
Among them, the Four Seasons Hotel is his favorite "home hotel", that is, a family exclusive hotel; of course, even if the Four Seasons Hotel is acquired by him, it will be the original founder who continues to manage it and retains part of his shares. Lin Zuhui is like Bill Gates in his previous life.
That corner.
Among them, the acquisition of Hilton Hotels is a record of Barings Bank. It first acquired, privatized and delisted, and then expanded Hilton Hotels’ number of hotels, number of rooms, turnover, profits and other data by reducing operating costs and expanding franchising.
Find good opportunities to re-list and cash out.
The acquisition of the two hotels has a special feature, that is, it is not included in the Langting Group and is a personal investment.
Because whether it is Four Seasons Hotel or Hilton Hotel, their heavy asset ratio is not high, that is, they mainly cooperate with property owners; on the contrary, Langham Hotel Group (multiple brands) has a particularly high proportion of heavy asset, which is the use of
A large part of the group's huge funds is used to purchase/renovate properties to open branches.
The models are different and cannot be integrated. Moreover, Hilton Hotel and Four Seasons Hotel require professional managers even more.
Everyone came to the conference room.
Lin Zuhui held two pieces of information in his hand, and he had already read them on the private plane.
Four Seasons Hotel, listed in 1997, has a current market value of US$1.51 billion. Its major shareholders include founder Sharp (36%), Prince Walid (18%), and Bill Gates 5%. It currently owns 47 Four Seasons hotels (mainly asset-light).
, a small number of heavy assets), more than 20,000 guest rooms.
Hilton Hotels, with a market value of 8.2 billion US dollars, has been sold three times. The current major shareholder is the Ledbrook Group; Hilton Hotels currently has 10 hotel brands, 2,200 hotels around the world, and nearly 400,000 rooms.
Lin Zuhui said: "The purpose of acquiring the two hotels this time is different! I personally like the Four Seasons Hotel, so the acquisition is just to satisfy my preferences; the acquisition of the Hilton Hotel is an investment behavior of Bahrain Bank. If Bahrain Bank can
By acquiring, delisting, reorganizing and developing, we will be able to earn a lot of profits in the future and improve our reputation."
Currently, Barings manages assets of 20 billion U.S. dollars, which is still not enough in front of the giants on Wall Street who often manage hundreds of billions of dollars.
The more than 20 billion US dollars in assets managed by Barings Bank has attracted many European and American public funds through Lin Zuhui's signature. In fact, the return on assets managed by Barings Bank has been very high in recent years, and its reputation has also grown.
The reason why Barings Bank's return rate is high is also due to Lin Zuhui. After all, he is aware of the general trend. For example, he analyzed for them that the European and American economies began to recover in 1994, such as the telecommunications, information industry, banking industry, and so on.
Harold nodded. He was the commander-in-chief of this acquisition, so he immediately said: "Four Seasons Hotel is famous for its luxury. The founder Sharp will not resist the acquisition. He has experienced a bankruptcy crisis and knows how to cash out in time.
Principle; of course, since Sharp has such a huge influence on Four Seasons Hotel, we have to consider him reserving shares."
Lin Zuhui said: "There is no problem with this! What I want is to keep Sharp and continue to let him manage the Four Seasons Hotel."
Harold continued: "However, the boss also has two rivals-Bill Gates and Walid. Bill Gates only owns about 5% of the stocks, which he purchased from the secondary market. He got married that year
It is at the Four Seasons Hotel in Hawaii, so he has made no secret of his love for the Four Seasons Hotel. Now that he is the richest man in the world, he will definitely come out to prevent our acquisition; and Walid holds 18% of the stock, which is also an opponent that cannot be underestimated. However,
I heard that Prince Walid is your friend, and I believe that if we get together, the acquisition will be much easier!"
After hearing this, Lin Zuhui thought about it and realized that what Harold said was very good, his investigation was also very detailed, and his analysis was very reasonable.
"Ignore all these considerations and directly initiate the acquisition of Four Seasons Hotel to see everyone's reaction first! The price should naturally be high to avoid making people laugh!"
He asked Hengjin Investment to package 5 billion US dollars in funds and inject them into Barings Bank to become a hotel fund.
Lin Zuhui's Hengjin Investment will start cashing out HK$300 billion next year. These funds can no longer be invested in high-return industries, so even low-return industries such as hotels cannot be spared.
Harold quickly put forward: "Then the offer with a premium of 30% seems very sincere. If the Four Seasons Hotel is privatized at this price, it is equivalent to over 30 times its profit!"
His words attracted everyone's attention, but everyone agreed very much. The hotel industry has a huge premium. It is normal for a hotel with an annual profit of 100 million to acquire a hotel with 4 billion or 5 billion.
It is impossible to recover the capital from profits. After the acquisition, most people will redevelop the hotel and use its brand effect to develop rapidly. If it is an investment bank, they will also choose to go public to cash out the acquisition during the peak period.
The leveraged loan was given to the hotel.
Lin Zuhui also thought about it. He remembered that in the previous life, Bill Gates and Walid were able to privatize 47 times the profits before Lehman, and the price seemed to be US$3.8 billion.
To be honest, Lin Zuhui won't make much money after acquiring the Four Seasons Hotel. Unless he finds a good time to go public, he can make a lot of profits; but now, he just sees the high consumption of good things.
"Yes, although the price is high, it can show everyone our sincerity!"
Harold continued: "If we acquire Hilton Hotels, we cannot be so generous. We need to test step by step. After all, we also have to find a lending bank. Therefore, I suggest making a tentative offer at US$25 per share!"
Hilton's current share price is US$24, with a total share capital of 340 million shares and a market value of US$8.2 billion. However, Hilton still has US$4.5 billion in debt.
If the acquisition is initiated at a price of US$25, the price will be a full US$13 billion!
Of course, it is impossible to successfully acquire Hilton at this price. In the previous life, when Hilton’s stock price was 30 US dollars, Blackstone started to intervene. Later, it was enough to complete the acquisition at 48 US dollars, and it also shouldered debts of 6 to 7 billion US dollars, with a total cost of 26 billion US dollars.
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Although Hilton's price is high, its assets have actually been seriously undervalued, which is why investment banks are willing to pay a large premium; for example, the current market value is 8.2 billion, while other people's assets may already be 20 billion U.S. dollars, and the net assets are about 15 billion U.S. dollars.
"Just do what you want! You can start with the Four Seasons Hotel, then the Hilton Hotel, and gradually start the acquisition plan!"
"OK!"
In order to acquire these two hotels this time, Lin Zuhui also specially arranged for Andre to strengthen the human resources construction of the American branch half a year in advance. Of course, with Lin Zuhui personally in charge, it is more effective than any other talent.
He has many years of experience in the development of large enterprises, and is good at asset restructuring and enterprise development. In addition, he knows the economic trends and financial trends in Europe, America and Asia, which makes him even more powerful.
In fact, he suddenly intervened in the U.S. hotel industry. In addition to his huge capital, there is also an Internet company that Matrix Partners will also start cashing out investments next year.
The United States makes money and spends it, so that he will not be investigated. If he spent nearly 20 billion US dollars in the hotel industry in the United States this year, the United States would be very happy. Investors are happy because they received high stock premiums.
The U.S. government is happy because the hotel industry is a low-return industry that collects interest and can also solve a large number of jobs.
Of course, this is just a general statement. Some of the stocks he purchased on the secondary market can be gradually taken back to Xiangjiang through secret means and the method of ant moving. He will not take a lot, but will come according to demand.
On the streets of New York, Lin Zuhui was dressed in casual clothes, wearing a baseball cap and sunglasses. His disguise made Yin Wanka laugh out loud.
"No, do you need to disguise yourself like this?" Yin Wanka pointed at Lin Zuhui's outfit and said with a laugh.
Lin Zuhui also looked at Yin Wanka, who was wearing a white knee-length skirt, a blue T-shirt, and her golden hair tied back. At this time, she was just young and far from as elegant as she would be in later generations. The size of her chest was indeed
BIG, it doesn’t look like you have a bulging face, but your face is a little different from that of later generations. It seems that you had some minor plastic surgery in your previous life.
But no matter what, she is definitely a beauty, especially tall and large, she is Lin Zuhui's favorite!
"If your father knew that I was dating you, he would definitely file a lawsuit with me!" Lin Zuhui made a joke.
Yin Wanka said in surprise: "You mean, we are dating?"
Lin Zuhui said calmly: "Isn't it true? You asked me on a date. Don't you know if this is a date?"
Yin Wanka hesitated for a moment, then laughed and said, "Okay, today is our first date! I wonder what Mr. Lin has planned?"
Lin Zuhui said boldly: "How about shopping, eating, and then going to my villa?"
Hearing this, Yin Wanka generously took Lin Zuhui's arm and said, "Then let's start dating. I'm looking forward to how the richest man will please girls!"
Lin Zuhui smiled and felt happy. He didn't expect things to go so smoothly. The two met only once at the Tanglad Villa. After that, they had contact through ICQ and phone calls. Today can only be regarded as the second meeting.
But soon Lin Zuhui discovered Ivanka’s unscrupulous behavior. She took out a box of cigarettes from her bag and invited Lin Zuhui to share it.
"I don't smoke, just like your father doesn't drink!"
Yin Wanka took a cigarette, lit it and said, "Then you won't stop me from smoking, right?"
Lin Zuhui smiled and said: "I don't know how to do it now!"
Hearing Lin Zuhui's generous words, Yin Wanka suddenly became interested.
"What you don't mean now is that you will stop me from smoking in the future. Don't you know that my father can't even control this! Besides, in our United States"
After Lin Zuhui listened carefully, he said: "Of course I am not stopping you from smoking, but I am advising you not to smoke. If I let you understand that an elegant, positive, and successful Yin Wanka Te, her life will be more impressive.
People praise you, and you are the focus of celebrities wherever you go. I believe you will not feel that that kind of life is not as good as your current state."
Yin Wanka looked at Lin Zuhui in surprise. She thought this man was very convincing!
After all, she is from a wealthy family and understands that money and power are the real good things.
"My father said you think he will become the head of the United States, is that true?" Yin Wanka asked curiously.
"I think he has that potential. In fact, it is difficult because the United States does not yet have a business leader, so it is just an encouragement!"
"Haha, he is serious now and has decided to run for office in 2000!"
"Congratulations to him for taking the first step!" Changing the topic, Lin Zuhui said: "So, if your father succeeds in the future, will his daughter walk into the Hundred Palaces with him with a cigarette in her mouth?"
Yiwanka suddenly felt that the cigarette in his hand no longer smelled good, and immediately threw it into the trash can.
Lin Zuhui smiled, as expected, girls want to be coaxed!
During the next shopping trip, Lin Zuhui secretly praised Yin Wanka. She didn't care much about luxury brands and insisted on paying for some gadgets herself.
Of course, girls from this kind of family don’t lack those, but if you think they don’t care about money, you’re wrong. For example, Yin Wanka got a piece of stock trading information from Lin Zuhui and spent hundreds of thousands of dollars of his own money
All the money was spent on Cisco stock.
After lunch, I took my girl to Lin Zuhui's villa in Long Beach, New York.
The two came to the swimming pool soon. To be honest, when Lin Zuhui showed off his wealth, the girl might not be too impressed. But if Lin Zuhui showed off his talent and body, the girl's eyes would immediately change.
In the swimming pool, Lin Zuhui's strong physical fitness was immediately reflected.
"Your physical fitness is so good, you don't look so strong at all!" Yin Wanka was surprised when she saw Lin Zuhui swimming in the swimming pool like a fish in the water.
Lin Zuhui had sharp ears. After hearing this, he plunged into the water and swam to Yin Wanka.
After emerging from the water, only 20 centimeters away from Yin Wanka, Lin Zuhui wiped the water from his face with his hands and opened his eyes.
"What a BIG, what a hundred!" Lin Zuhui sighed in his heart.
The two are actually about the same height. If Yin Wanka wears high heels, Lin Zuhui will definitely look a little shorter. After all, he is only 178cm, which is exactly ten times the height.
"You can come here and feel his power!" Lin Zuhui pointed at his Xiong Ji.
Yin Wanka put his palm on Lin Zuhui Xiongji without hesitation, and immediately couldn't put it down!
Although Lin Zuhui looks thin, he is actually very strong. This is the result of genetic mutation.
"How is it?" Lin Zuhui asked proudly.
"Is this your Chinese courtesy? You invited me to model your Xiongji, and now you put your hands on my buttocks and waist." Yin Wanka said with a sly look.
At this time, she was attracted to Lin Zuhui and did not exclude the possibility of further contact between the two.
Lin Zuhui said with a smile: "I'm worried that you will be shocked by my power and fall down!"
"I don't like men who use forceful words!" Yin Wanka said cutely.
Unfortunately, as soon as she finished speaking, Lin Zuhui immediately let go of his hands, and Xiong Ji exerted force from within.
Then, Yin Wanka's whole life, she just felt a burst of power, rebounding to her arm, and then her body fell backward, and then the beauty fell completely into the water.
Lin Zuhui smiled, admiring the perfect cylinder, and fell straight down.
so gorgeous!
At this time, Yiwanka still needs a little plastic surgery to look like future generations, but it will not affect her beauty and allure.
"Lin, you're going too far!" Yin Wanka was as beautiful as a lotus in the water, but she still couldn't stop the "anger" on her face. She immediately chased Lin Zuhui and started playing in the swimming pool. The scene was a lot of fun.
Lin Zuhui made splashes with his hands while running away!
"Ah, Lin, I want to defeat you!"
The two had a water fight and were so happy!
Lin Zuhui stopped at the right moment and deliberately lost the match. As expected, Yin Wanka was very happy and even more interested.
Suddenly, Lin Zuhui suddenly exerted his strength and quickly approached Yin Wanka against the splash of water.
"Ah" the beauty was so frightened that she ran away.
Unfortunately, Lin Zuhui moved too quickly, and then he hugged her, faced the frightened Yin Wanka, and pressed his lips against hers.
After a French romance, the relationship between the two took a big step forward!