Super Resort System

"Look there, those are stingrays!" Alan Sharp pointed to the front, those fish like dark gray diamond blankets, dragging a slender tail, floating under the water, and looked around There are as many as a dozen or twenty.

Sure enough, the seabed ecology and wildlife here are very well protected, and this is the place that is really close to nature.

There are two other boats parked on the lagoon not far away, and many foreigners and blond bikini hot girls are standing in the lagoon feeding the stingrays.

Li Yang and the others also stopped the boat, and the lifeguard safety officer jumped into the sea first, and then explained safety common sense to Li Yang and the others: "The devil fish is also known as the manta ray.

They are more docile and less aggressive towards humans.

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

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

Hearing the security guard's explanation, Li Yang suddenly felt a little familiar. Isn't this the same as the rules he had set for licking cats before?

Afterwards, under the guidance of the safety officer, Li Yang, Mihir, and Allen went into the water one after another. The sea water just submerged their waists, and the soft white sand was under their feet. The safety officer took some food and put it into the water, and immediately put Those devil fish not far away attracted them.

These stingrays are not afraid of people at all, and they are even very close to people. While feeding the stingrays, the security guard reaches out and strokes the stingrays, and instructs Li Yang and the others on how to "snatch" the stingrays correctly.

Li Yang did as he saw it, but found that these devil fish have no morals at all. You can touch whatever you want, and some even take the initiative to rub against you, surrounding him in various poses, begging for masturbation, and enthusiastically let Li Yang I wonder if these "little devil fish" are pets raised by some large marine creatures, and they are very cute.

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

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

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

The strength of the devil fish is really great. When it slammed into Li Yang, Li Yang felt a little pain. No wonder the safety officer said that divers are 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 diving 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 spots in the world.

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

It's a pity that Li Yang and the others didn't come in 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, there is still a chance to see humpback whales. ——The beautiful whale that jumped out of the water in "The Fantastic Drifting of the Boys" is also a beautiful whale that often appears in oil paintings and hanging paintings.

It is known for its leap out of the water and its extra-long front wings.

There is an oil painting of a humpback whale hanging in Li Yang's new home.

very beautiful.

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

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

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

At that time, Alan Sharp was amused, and then explained that they could see a lot of lemon sharks, blacktip reef sharks where they went diving today.

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

Lemon sharks and blacktip reef sharks are smaller sharks, 8 to 10 feet in length is not very different from human height, and they do not actually bite, so feeding sharks in Tahiti is very popular. project.

After feeding the manta rays in the lagoon, Li Yang and the others sailed to the deep sea again, and came to a sea area that is particularly suitable for deep diving. Li Yang has acquired diving skills before, not to mention Mihir, who can do anything in the sea!

But Alan Sharp was not good at deep diving, so he chose to stay in it. The safety officer led Li Yang and Mihir to deep dive. After changing into 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 first thing that appeared in front of you were those beautiful tropical fish, colorful and colorful. Under the sunlight, these underwater elves seemed to be able to shine, extremely gorgeous.

If you dive further, you can clearly see the beautiful corals all over the seabed. Different shapes and colorful corals are intertwined on the seabed to form a flowery scene, like a huge underwater garden.

It was the first time for Li Yang to experience diving, and he was really excited. Although he had seen a lot of underwater worlds on TV, what he saw with his own eyes was a completely different kind of shock.

This beautiful seabed is completely another world, Li Yang felt as if he was deep on the planet Pandora, like a dream!

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

Li Yang took out a package of food from his clothes and opened it. The food spread out with the sea water, and immediately attracted a large group of beautiful little fishes, rushing around Li Yang to grab the food. Li Yang also touched the cute little fish. Fish, for a moment, felt as if he belonged to this underwater world.

Following the safety officer along the written coral reef, they continued to swim forward, swimming toward a deeper area. After not swimming very far, the safety officer turned around and made a gesture. Li Yang and the others looked at the situation, and it turned out to be a group of small sharks.

Li Yang had read the introduction of the safety officer before going into the water, and recognized that those should be lemon sharks. They are easy to identify because their skin color is somewhat similar to lemons, so they are named.

Although Li Yang knew that these lemon sharks did not bite, after all, these guys still retained the appearance of sharks, and they still looked frightening.

The security officer took Li Yang and Mihir to swim against the sharks, 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 around them.

Like the previous group of devil fish, not only did they not hide, but they also shook their heads and tails like dogs, where is there a bit of viciousness?

Seeing this scene, Li Yang had nothing to be afraid of. He also took out the food and started feeding the sharks, and then licked the sharks by the way. That feeling was much more exciting than licking the cat!

Li Yang and the others swam on the bottom of the sea for a long time, admiring countless dazzlingly beautiful corals and schools of fish along the way, and also passed through an underwater canyon. The bottomless canyon made Li Yang very shocked, but What he saw was just the tip of the iceberg in the vast ocean.

Not to mention how insignificant human beings are in front of the universe, even in front of the sea, they are still insignificant.

Floating from the bottom of the sea to the surface, Li Yang is still a little unfinished. He really fell in love with this place and this beautiful sea.

No wonder the famous French painter, Paul Gauguin, chose to spend the rest of his life here, and if he reached his old age, he would definitely choose to spend the rest of his life here.

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

The next day, Li Yang and Mihir followed Alan Sharp by plane and flew to Toronto, Canada.

After a day of jet lag in Toronto, Li Yang and Mihir 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 for the acquisition.

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 investigation and evaluation before the official acquisition.

Although Mihir can also serve as the financial advisor 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 due diligence on each asset in the Four Seasons Hotel, and then the ownership transfer and approval of each asset. The involvement of local relevant departments is required, so the procedures for asset mergers and acquisitions are relatively complicated.

However, asset mergers and acquisitions are also relatively safe, and can effectively identify the risks of creditor's rights and debts, which 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 work to Mihir to be responsible for the gatekeeping.

Li Yang fully trusts Mihir's ability, and it is currently in the investigation and evaluation stage, so he is useless there.

After returning to the city, Li Yang nostalgic about the warmth of Tahiti. The feeling of being cold and wet in the city in winter is really...

However, after eating a hot pot, Li Yang once again sighed that his motherland is still good, and the meals in the high-end restaurants in Toronto are not as good as the hot pot in the city, which is why he returned from Toronto earlier. One, food and taste will always be the most difficult bond for human beings.

...

It took another half a month for Mihir to return to the city from Toronto. Although Li Yang was in the city during this time, he had always maintained communication and contact with Mihir, kept abreast of the progress and discussed 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 one billion yuan. Considering that the brand premium should not exceed 1.1 billion at most, it is not as high as 1.2 billion as rumored. , if it was two years ago, it might have been worth 1.2 billion.

And according to Mihir's judgment, the Four Seasons Group is currently very willing to sell the Bora Bora Resort Hotel.

As we all know, the current major shareholders of Four Seasons Group are Microsoft and the Saudi prince.

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

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

It can only be carried out on the basis of obtaining the unanimous approval of the minority shareholders.

And this "reasonable" acquisition is that Microsoft and the Saudi prince take "real money", which means that all cash repurchases must be carried out at a higher premium.

There are also accountant and financial advisor fees, transaction financing costs, and potential litigation costs.

Therefore, this process of delisting and privatization also caused the two funders to bear costs far higher than the actual value.

Although the two major shareholders, Microsoft and Saudi Prince, are both wealthy owners, they cannot support the Four Seasons Group's expansion in the Chinese 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 investment is very slow.

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

There is no way to absorb cash in the financial market, and the competition in the hotel industry is becoming more and more fierce. In addition, after privatization, some competitors have taken the opportunity to attack the city, taking the opportunity to poach the core personnel of the company, and acquire the strategic partners of the company.

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

However, cash flow limits their expansion, so they are stuck in an endless loop.

This is also one of the reasons why they started to sell some hotels and resorts. They continue to return a lot of money and use the money where they are, which is the current Chinese market with huge potential.

Although the Bora Bora Island Resort has a good turnover today, it is not difficult to find that the turnover of the entire resort is declining year by year, although they have increased the hotel's marketing in the Chinese market and transformed services for Chinese tourists. , attracting Chinese tourists, but with little success, and did not turn the situation well.

This is also the reason why they have been in frequent contact with Huaxia consortiums such as Ali and Tencent in the first two or three years, and intend to sell the hotel. If it is delayed for another two years, the high market valuation may continue to fall, and they will also Further missed the best opportunity to use this cash back to invest in the Chinese market.

After all, shopping malls are like battlefields, and any chance of taking measures may lead to a loss of the whole game!

However, it may be that Alibaba and Tencent’s bid at the time was much lower than the valuation at the time, so it did not meet their expectations. After several rounds of negotiations, the two sides failed to reach a deal.

According to Mihir's judgment, Ali, Tencent and the others should have seen the embarrassing situation of the Four Seasons Group, and the Bora Bora Resort Hotel is not a must for them. Even from the perspective of company strategy, there is no need to rush for a while.

So they can also afford energy consumption, but not in terms of four seasons.

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

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