.......

In early July, Lin Zuhui heard a "surprising" news, and immediately took a private plane to the United States.

It turns out that Marriott Hotels is also interested in the Ritz-Carlton Hotel Group and is contacting Holmes and others with the intention of acquiring the remaining 52%.

Of course, Holmes still told Langham Hotel Group about this because the two parties had agreed that Langham Hotel Group had the right of first refusal.

Now, the only option is to immediately spend money to acquire the Ritz-Carlton Hotel. Although the price is huge, it is not unaffordable.

Lin Zuhui first came to the New York headquarters of Langham Hospitality Group and met with Colbert, Li Mingtao and other senior executives.

"What is the status of the talks between Marriott and the Ritz-Carlton Hotel? Has Holmes disclosed that?"

Colbert immediately said: "It hasn't been disclosed yet, but it can be seen that the price offered by Marriott is not high, otherwise Holmes and others would not be so kind to notify us as soon as possible. And it can be seen that Hall

James and others want to sell all their shares at a high price."

Lin Zuhui nodded. The $800 million offered last time was indeed too high, so Holmes and others quickly agreed. As a local brand, Marriott Hotel cannot be so generous.

The Ritz-Carlton Hotel Group should only be worth 1.2 to 1.5 billion US dollars, but Lin Zuhui directly valued it at more than 1.6 billion US dollars.

Of course, this is how business is sometimes done. If you see a brand you like, you can buy it at a premium. If it is a normal purchase, you can naturally bargain.

Lin Zuhui immediately said: "Well, let's go to the Ritz-Carlton Group tomorrow and acquire the remaining 52% of the shares! It just so happens that the group recently made more than 500 million US dollars in Nikkei futures and foreign exchange, so spend some money

I’m not heartbroken either!”

All the hotel executives laughed. At Langham Hotel Group, everyone focused more on the hotel's location selection, decoration, and operation. The financial work was relatively easy.

...

At the same time, Marriott Hotels President Bill Marriott came to the Ritz-Carlton Hotel Group again and met with Holmes and his party.

Bill Marriott wants to make a quick decision and take 52% of Ritz-Carlton's shares before Langham Hotel Group reacts. At that time, he will force Langham Hotel to hand over the remaining 48% of its shares.

You know, Ritz-Carlton is the originator of luxury hotels, which is very important to Marriott Hotel Group. What's more, Langham Hotel Group is a Hong Konger. So what if he is the richest man in the world? Do Chinese understand luxury hotel operations?

"Mr. Holmes, US$750 million, we are willing to pay this price to acquire the remaining 52% of your equity. You know, the Ritz-Carlton Hotel is only worth US$1.2 billion, and we have already paid a huge premium."

Seeing Bill Marriott's eager mood, Holmes and others found it funny. They did not tell Bill that the last time Langham Hotel Group acquired 49% of the shares for US$800 million.

Holmes smiled and said: "President Bill, to be honest, we are very dissatisfied with this price! Because others are paying more!"

Damn, those rich old people from Xiangjiang have learned to buy and buy all over the world in the past few years, Bill cursed secretly.

"How much did they give last time?"

Holmes shook his head and said: "This is kept secret for the time being. For the remaining 52% of the shares, we will let you bid and decide. The one with the highest price will get it. You can bid together tomorrow. If it is the same price, we will give priority to Marriott."

. And I can also tell you that the price they offered last time was a little higher than your price today."

Bill Marriott said unwillingly: "Compared to the newly established Langham Hotel Group, we, Marriott, are better able to inherit the Ritz-Carlton hotel business philosophy."

Holmes said: "That's why I have the same price and will consider you!"

.......

The next day.

When Lin Zuhui brought people to the Ritz-Carlton Hotel Group, he was told that Holmes and others hoped to determine the remaining 52% equity through bidding.

He agreed, but also made a request, that is, the current president of Ritz-Carlton, Horst Schulz, must stay at Ritz-Carlton for half a year to complete the assistance work.

Horst Schulz said with a smile: "Thank you for Mr. Lin's consideration, I agree to this request. But I am curious as to why Mr. Lin doesn't want me to stay forever."

Lin Zuhui said with a smile: "I see ambition in your eyes, and I guess you will continue to start a business and establish a high-end hotel brand of your own."

Horst Schulz was shocked and secretly sighed at Lin Zuhui's keen eyesight. He did have this idea. It was not him who wanted to sell the Ritz-Carlton Hotel, but the other partners. However, he considered that the Ritz-Carlton Hotel

After all, the brand was born by the European 'Ritz Hotel', not created by them, so the idea of ​​setting up a high-end brand of its own was born.

"Mr. Lin's success is a matter of course!"

After everyone chatted for a while, Bill Marriott also brought people to the Ritz-Carlton Hotel again. There was a sense of tension when the two met.

After all, Langham Hotel Group has already intervened in the Ritz-Carlton Hotel, and Marriott Group still wants to grab it, which is obviously disgraceful. The 48% stake in Langham Hotel means that it will control the whole. If it cannot control, what is the point of the shares?

mean.

He didn’t say anything harsh, but the look in Lin Zuhui’s eyes told Bill Marriott that from now on we would all be competitors in the hotel field.

During the bidding, Lin Zuhui directly paid US$980 million!

Not surprisingly, Langham Hospitality Group acquired all assets of the Ritz-Carlton Group, including brands, properties, etc.

When Bill Marriott left, he said unwillingly: "Mr. Lin, you are really rich for buying a Ritz for US$1.8 billion!" The implication was that Lin Zuhui was taken advantage of.

Lin Zuhui said calmly: "The price was originally three years from now. If the Marriott Group hadn't intervened, we wouldn't need such a high price!"

In fact, it may be higher in three years. Lin Zuhui just said this deliberately.

Bill Marriott knew he was wrong and left the Ritz-Carlton Group.

Next, it is about Colbert and Horst Schulz. Lin Zuhui hopes to complete the seamless acceptance in half a year. After that, he will work hard to develop the Ritz-Carlton Hotel.

.......

American media reported that Langham Hospitality Group spent a huge sum of 1.8 billion US dollars to buy the Ritz-Carlton Hotel Group, which aroused great public opinion for a while; some people said that the world's richest man was too fond of the Ritz-Carlton Hotel, so he did not hesitate to pay a premium of 3 to 5

Cheng bought this hotel.

In this regard, Lin Zuhui acquiesced. The factors here are indeed his personal factors. He likes things related to "luxury" and he likes to collect these. Therefore, he does not feel sad at all when the premium is so high.

Just like Bill Gates in his previous life, because he liked the Four Seasons Hotel, he teamed up with the richest man in the Middle East to privatize it.
Chapter completed!