Super Resort Tycoon

"Look there, those are manta rays!" Alan Sharp pointed to the front. The fishes, like pieces of dark gray diamond-shaped blanket, dragged a long and thin tail, floated under the water, and looked around. There are as many as a dozen or twenty.

Sure enough, the submarine ecology and wildlife protection here are very good, and here is the place that is really close to nature.

Two other boats are parked on the lagoon not far away. Many foreigners and hot blonde bikini girls are standing in the lagoon feeding the devil fish.

Li Yang and the others also stopped the boat, and the life-saving safety officer jumped into the sea first, and then explained safety common sense to Li Yang and them: "Devil fish is also called manta rays,

They have a relatively docile personality and are not aggressive towards humans.

But when disturbed, the power of the manta can destroy a small boat, and divers are generally very afraid of the strength and size of the manta!

So be careful when feeding for a while, you can reach out and touch them, but don't try to control their movements, or force them to hold or grab them, so as not to irritate them!"

Hearing the explanation from the security officer, Li Yang suddenly felt a little familiar. Isn't this similar to the rules he set up before?

Afterwards, under the guidance of the safety officer, Li Yang, Michelle, and Allen went into the water one after another. The seawater had just reached the waist, and the soft white sand under the feet. The safety officer took some food and put it in the water and immediately The devil fish not far away attracted.

These devil fish are not afraid of people at all, and they are even very close to people. While feeding the devil fish, the security guards stretched out his hand to pet the devil fish, and instructed Li Yang and the others how to "push" the devil fish correctly.

When Li Yang saw it, he did it, and found that this group of devil fish had no ethics at all. You can touch whatever you want to eat, and some even actively rub against you, huddling around you in various poses, making Li Yang enthusiastic. I wonder if these "little devil fish" are pets raised by some large marine creatures. They look very cute.

"I rub, it really looks like a cat!" Li Yang said with a smile.

Before long, the food not only attracted more tropical fish, but also a large group of seabirds, and they began to grab food from the devil fish. The wild animals here are really not afraid of people at all, unscrupulous, and brazen.

It's a pity that these seabirds are not allowed to be lured, otherwise Li Yang feels that he can lure them into vultures!

The strength of the devil fish is really great. When he leaped on Li Yang, Li Yang was a little bit painful. No wonder the safety officer said that the divers were afraid of their strength...

But when it comes to diving, Li Yang is looking forward to today's itinerary. According to the plan, they will go deep dive today to visit the beautiful ocean kingdom.

You know, Bora Bora is one of the "must dive" destinations for diving enthusiasts and one of the most beautiful snorkeling destinations in the world.

Here you can see the beautiful underwater world, hundreds of species of underwater creatures and gorgeous corals, and you can easily encounter many rare large marine creatures.

It is a pity that Li Yang and the others are not the best diving season. If it is from August to October every year, it happens to be the season when humpback whales migrate to Bora Bora. If you dive at that time, you will have the opportunity to see humpback whales. ——The beautiful whale that jumped out of the water in "The Fantastic Drifting of Juvenile School" is also a beautiful whale that often appears in oil paintings and hanging paintings.

It is famous for the posture of jumping out of the water and the pair of super long forewings.

In Li Yang's new home, there is a beautiful painting of humpback whales.

But Li Yang didn't care too much. After all, if this place was acquired by himself, there would be many opportunities to dive here in the future, and there would be many opportunities to wander in the sea with the docile humpback whale.

Although the humpback whales will definitely not be seen this time, they can go to "shark" today.

Yesterday I heard Alan Sharp say that when I was taking them to feed the sharks today, Li Yang thought he was joking, and then asked Allen jokingly: "Should you feed the sharks with food or feed the sharks with us?"

I amused Alan Sharp at that time, and then explained that there were a lot of lemon sharks and blacktip reef sharks where they went diving today.

In the ocean world, there are at least 440 species of sharks that can be distinguished, ranging from as small as 18 cm to as large as 18 meters.

Lemon sharks and blacktip reef sharks are small sharks. The length of 8 to 10 feet is not very different from the height of a person, and they actually do not bite people, so feeding sharks in Tahiti is a very popular shark. project.

After feeding the devil fish in the lagoon, Li Yang and the others sailed into the deep sea again and came to a sea area particularly suitable for deep diving. Li Yang had acquired diving skills before, not to mention Mihir, who can do everything in the sky!

But Alan Sharp is not good at deep diving, so he chose to stay put on. The safety officer led Li Yang and Mihir to dive deep. After putting on professional diving suits on the boat, Li Yang and Mihir followed The safety officers jumped into the sea together and began to dive.

The beautiful underwater world also appeared in front of you. The beautiful tropical fishes first appeared in front of you. They are colorful and colorful. Under the sunlight, these underwater elves seem to be able to shine, extremely gorgeous.

If you dive further, you can clearly see the beautiful corals all over the seabed. The colorful corals of different shapes are intertwined on the seabed into a flowery scene, like a huge seabed garden.

It was the first time for Li Yang to experience diving, and he was really very excited. Although he had seen a lot of underwater world on TV, he saw it with his own eyes and it was totally another shock.

This beautiful seabed is completely another world, and Li Yang feels like he is deep on the planet Pandora, like a dream and fantasy!

Swim forward next to those corals, you can see more beautiful tropical fishes and gorgeous underwater creatures, close at hand and within reach.

Li Yang took out a bag of food from his clothes and opened it. The food spread out with the sea water, and immediately attracted a large group of beautiful fishes. They surrounded Li Yang to grab food. Li Yang also touched those cute little ones. Yu, for a moment felt as if he had belonged to this underwater world.

Following the security officer along the coral reef that he wrote down, he continued to swim forward and toward a deeper area. After not swimming very far, the security officer turned and gestured. Li Yang and the others took the opportunity to see that it was a group of small sharks.

Before Li Yang went into the water, he had read the introduction of the security officer and recognized that those should be lemon sharks. They are easy to identify because their skin color is a bit like lemon.

Although Li Yang knew that these lemon sharks didn't bite people, after all, these guys still retained the appearance of sharks, and they looked scary.

The security officer took Li Yang and Mihir to swim to meet the sharks, and also took out the food bag and opened the food to attract the sharks.

Soon, the group of lemon sharks gathered around, eating food around the security guards, and the security guards also reached out and stroked the lemon sharks beside them.

They are the same as the previous group of devil fish, not only do not hide, but also shake their heads and tails like dogs. Where is there a bit of ferocious feeling?

Seeing this scene, Li Yang didn't have anything to be afraid of. He also took out food and started feeding the sharks, and then kicked the sharks by the way. It felt more exciting than kicking the cat!

Li Yang and the others have been swimming under the sea for a long time, admiring countless dazzling beautiful corals and fish schools along the way. During the period, they also passed through an undersea canyon. The bottomless canyon made Li Yang feel very shocked, but What he saw was only the tip of the iceberg in the vast ocean.

Not to mention how small human beings are in front of the universe, even in front of the sea, they are still small and worthless. The beauty and magnificence of the seabed is completely unexperienced on land.

Floating from the bottom of the sea to the surface, Li Yang still had some ideas. He really fell in love with this place and the beautiful sea.

No wonder the famous French painter Paul Gauguin chose to spend the rest of his life here. If he is in his old age, he will definitely choose to spend the rest of his life here.

At noon, Li Yang and the others enjoyed an authentic Polynesian lunch on the private island, as well as delicious grilled fish and grilled meat, as well as salads and local vegetables.

The next day, Li Yang and Michelle followed Alan Sharp and flew to Toronto, Canada.

After a day of jet lag in Toronto, Li Yang and Michelle officially visited the Four Seasons Hotel Group, conducted the first negotiation on the acquisition, determined the acquisition method, and signed a preliminary letter of intent.

In the following days, Li Yang hired the most famous local accounting firm in Toronto and set up a special acquisition team to assist him and Mihir to carry out all the investigations and evaluations before the formal acquisition.

Although Mihir can also serve as the financial advisor for this time, the workload of the acquisition is very large, and it will be more efficient to have a team to complete it together.

The acquisition process is a relatively long process, especially Li Yang’s choice of asset acquisition this time, which also involves the need to conduct due diligence on every asset in the Four Seasons Hotel, and then transfer ownership and submit for approval for each asset. The involvement of relevant local departments is required, so the procedures for asset mergers and acquisitions are relatively complicated.

However, asset mergers and acquisitions are relatively safe, and can effectively check out the risks of creditor's rights and debts. It is a once-and-for-all acquisition method.

After staying in Toronto for a week, Li Yang returned to China first, and temporarily handed over the acquisition to Michelle to take charge of the check.

Li Yang completely trusts Mihir's ability, and it is currently in the investigation and evaluation stage, and he is of no use there.

After returning to the city, Li Yang missed the warmth of Tahiti a bit. The feeling of cold and dampness in the city in winter is really...

However, after a hot pot meal, Li Yang once again sighed that his homeland is good. The food in the high-end restaurants in Toronto is not as good as the hot pot meal in the city, which is why he returned from Toronto early. One, food and taste will always be the most difficult fetters for human beings to let go.

...

It was another half a month before Mihir returned to the city from Toronto. Although Li Yang was in the city during this time, he has always maintained communication and contact with Mihir, keeping up with the progress and discussing the entire acquisition. plan.

After careful investigation and comprehensive evaluation by the Mihir team, the current valuation of the Four Seasons Resort Bora Bora is only about 1 billion yuan. Considering the brand premium is no more than 1.1 billion, it is not as high as 1.2 billion as rumored. , If it were two years ago, it might be worth 1.2 billion.

Moreover, according to Mihir’s judgment, Four Seasons Group currently has a strong desire to sell Bora Bora Resort.

As we all know, the main shareholders of Four Seasons Group are Microsoft and the Prince of Saudi Arabia.

At that time, these two wealthy financial owners were optimistic about the prospects of Four Seasons Group, and they did not hesitate to spend a lot of money to acquire equity, so that the originally listed Four Seasons Group delisted and turned into privatization.

However, the process of delisting and privatization is a question of "reasonable" acquisitions from small and medium shareholders.

Only after obtaining the unanimous approval of small and medium shareholders can it proceed.

And this "reasonable" acquisition means that Microsoft and the Saudi prince will take "real money", which means that all of them will be repurchased in cash at a higher premium.

At the same time, it also needs to pay the fees of accountants and financial consultants, transaction financing costs, and potential litigation costs, etc.

Therefore, this process of delisting and privatization also made the two funders bear a cost far higher than the actual value.

Although the two major shareholders, Microsoft and the Saudi Prince, are wealthy owners, they cannot sustain Four Seasons Group's expansion in the China market. In addition, the hotel industry has invested heavily in the early stage and the return of funds is slow.

You must know that the construction cost of a hotel is very expensive, the construction period is very long, but the return on costs is very slow.

At this time, the drawbacks of privatization have emerged-cash flow is tight.

There is no way to absorb cash in the financial market, and competition in the hotel industry has become increasingly fierce. In addition, after privatization, some competitors took the opportunity to attack the city, take the opportunity to dig out the core personnel of the company, and acquire the strategic partners of the company.

As a result, the situation of Four Seasons Group has further deteriorated, and if they want to quickly get rid of the predicament, the biggest turning point is the layout of the China market.

However, cash flow restricted their pace of expansion, so they fell into an endless loop.

This is also one of the reasons why they began to sell some hotels and resorts. They continued to return a large amount of funds and use the money on the blade, which is the current huge potential China market.

Although the business turnover of Bora Bora Island Resort is still good today, it is not difficult to find that the turnover of the entire resort is declining year by year, even though they have increased the hotel marketing in the Chinese market and transformed services for Chinese tourists. , Attracting Chinese tourists, but with little success, and did not turn the situation around very well.

This is why they have been in frequent contact with China Consortiums such as Ali and Tencent in the first two or three years, and they intend to sell the hotel. If it is delayed for two years, the high market valuation may continue to fall, and they will also It further missed the best opportunity to use the returned funds to invest in the China market.

After all, shopping malls are like battlefields, and any opportunity to take measures may lead to a loss!

However, the bids offered by Ali and Tencent at the time may be far lower than their estimates at the time, so they did not meet their expectations. After several rounds of negotiations, the two sides failed to reach a deal.

According to Mihir’s judgment, Alibaba and Tencent should have clearly seen the embarrassing situation of Four Seasons Group. In addition, Bora Bora Resort Hotel is not a must for them. Even from the company’s strategic point of view, there is no need to rush. Temporarily.

So they can afford to consume energy, but not in the four seasons.

The elapsed time is lost money and value for Four Seasons. They are waiting for Four Seasons Group to be soft first, and then acquire the Four Seasons Resort Bora Bora at the lowest price.

...