What is the reason behind R&F's acquisition of Wanda Hotel?

On July 9, 20 17, Wanda signed a paper agreement with Sunac and R&F. R&F Property acquired all the shares of 76 Wanda hotels and 70% of the shares of 1 hotel at the price of19.06 million yuan. This agreement makes R&F Real Estate the largest luxury hotel owner in the world except real estate developers. According to the data provided by R&F Real Estate, R&F Real Estate already owns the assets of 88 hotels, and the hotel business income of R&F Real Estate only accounts for 4%, which has been losing money for six consecutive years.

The profit of R&F property in 20 17 is 26 billion yuan, and the main source of income is the "bargaining acquisition income" generated by the acquisition of Wanda Hotel and office assets. R&F Real Estate chose to acquire Wanda Hotel because it valued the contribution of hotel business to cash flow.

R&F's acquisition of Wanda Hotel assets is a win-win transaction. By purchasing the assets of Wanda Hotel, R&F has brought more than 800 million yuan in cash flow.

Up to now, R&F Property has paid Wanda1865438+58 million yuan, and 70 hotels and office buildings in Wanda have been delivered with R&F Property. Through this transaction, R&F Real Estate not only won the title of the world's largest luxury hotel owner, but also obtained an ultra-high net profit of 265.438+42.4 million yuan, and the market value of hotels and office buildings in its trading assets rose to 32.468 billion yuan.

The acquisition of Wanda Assets not only brought net profit and profitability to R&F Real Estate, but also reduced its debt ratio to some extent. Compared with 20 16, the debt ratio of R&F real estate in 20 17 years decreased by 1.08%.

After the acquisition of Wanda Hotel, R&F real estate has not only brought direct returns, but also faced some problems. For example, the hotel has given up the function of mortgage financing, and the low rate of return and long profit cycle are also problems that R&F has to face. In the future, R&F will consider integrating the hotel assets business, increasing the hotel revenue, and increasing the hotel service content to increase the occupancy rate.