Traditional Culture Encyclopedia - Hotel franchise - What lessons can local enterprises in China learn from Wanda's failure to go to sea?
What lessons can local enterprises in China learn from Wanda's failure to go to sea?
On July 30th, Wanda Hotel announced that it had sold 90% of the shareholders' equity of Wanda Chicago Hotel Project, a non-wholly-owned subsidiary of the company, to Magellan Parcel C/D LLC, an Illinois partner, at a price of US$ 270 million (about RMB 65.438+89 billion). The company had previously held another 654.38+00% equity of the project.
Wanda Hotel said that the sale will bring in pre-tax book income of HK$ 94 million. D, you can walk to the theater area, museum area, Michigan Avenue and other famous places in Chicago. It is the last undeveloped land in the East Lake area, with a planned total construction area of about1760,000 square meters. The project started in August, 2065.438+2006 and is expected to be completed by the end of this year, with a total investment of 274 1 100 million yuan.
According to the plan, the project will be built into a five-star hotel with a height of 36 1 m and a height of10/floor. It is estimated that more than 200 rooms and high-end apartments will be built. Upon completion, the project is expected to become the third tallest building in Chicago and a new landmark of the city.
This move is obviously to pay off debts.
It was not built in a day. In addition to the epidemic situation, Wanda Hotel, which Wang Jianlin dreamed of, has been developing in a tepid way since it was listed on the backdoor on 20 14, and has been showing losses. Except for the first positive growth in the semi-annual report of 20 18, with a net profit of 767 million yuan from catalogue sales, since June of 20 18, the share price of Wanda Hotel has been continuously lower than 1 HK$, and it has been crowned in the Hong Kong stock market. Fairy shares? Hat.
Today, Wang Jianlin's biggest failure is to kick down the ladder. With the bursting of financial supervision and real estate bubble, China's economy has encountered a bottleneck. However, Wang Jianlin, who relies on strong political and business relations and policy dividends, especially in the huge profits of finance and real estate, is not a champion in China. They look for various reasons, empty domestic assets and transfer overseas with high profile!
At the same time, it is worth learning that many enterprises in China do not attach importance to crisis public relations.
Liang Guining, director of the Institute of Foreign Investment Cooperation of the Ministry of Commerce, pointed out that risk review is one of the risks that China enterprises often encounter when they go overseas in recent years. This project reflects the fate of the enterprise? Go out? We should not only see the current political dividend, but also guard against future political troubles. Wang Jianlin also feels that this project needs to review itself, believing too much in the promises of the previous municipal government and district government and ignoring the fact that the new government does not recognize you. ? This is a lesson. China enterprises should remember that they can't invest in projects without planning permission. ?
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