There was no problem with the operation of the casino hotel, and Link learned a few more things, and finally told Douglas something about it and went to Martha.

He was at Hans Invest and met Martha and Miller in the hallway. Miller was holding an open folder, and they seemed to be discussing something.

Martha saw Link and said, "Link, you've come just in time, Miller is saying something that needs to be asked of you." ”

Link walked over and said, "About what?"

"About the industries that Sands is going to sell. Shall we go to the office and talk?"

Link nodded and went with them to Martha's office.

Martha asked the secretary to bring in coffee, and only after the secretary left did she say: "In the past two days, Miller has led a team to conduct an asset appraisal of the Sands Group's properties near the Venetian Hotel with people from the Sands Group and the accounting firm. All the work has been done today. ”

Link looked at Miller.

Miller handed him the folder and said, "We spent a day and a half evaluating the properties that Sands was willing to sell, and the most valuable of them was Sands' Palazzo Hotel." ”

The Palazzo Hotel is also a casino hotel, located just west of the Venetian Hotel, just a four-minute walk away, and has access to the Venetian before.

It is a five-star hotel that was built in 07 and cost more than $1.8 billion. The cost is as high as the Venetian Hotel, but it is not as famous as the Venetian Hotel.

The Sands Group actually sold this hotel, and Link was a little surprised by this: "Are they really planning to exit Las Vegas completely?" If such a hotel is kept, the Sands Group may be able to enter Las Vegas again, and if it is also sold, then the Sands Group will really completely withdraw from the world's largest gambling city.

Miller replied, "I guess they're in financial trouble." You know, Sands Corp.'s share price has fallen more than 35 percent in the last week. It is said that they had to borrow a large amount of money to pay your winnings. ”

"You're saying they had a debt crisis that is why they had to sell the Palazzo Hotel?"

"I think so. Martha interjected. "Although the Palazzo Hotel is an independently operated hotel, hotels like it don't actually have much room to survive in Las Vegas. It was there before because it was connected to the Venetian Hotel and had access to the facilities of the Venetian Hotel, such as the pool and play facilities. None of this is there anymore, and it doesn't have much of traction in a city like Las Vegas where the hospitality industry is so competitive. By the same token, no one else will spend a fortune on it. If they sell to someone else, it will definitely be less than what it really is. ”

Link had to agree with her judgment as well. The famous casinos in Las Vegas are concentrated on the Las Vegas Strip. But Las Vegas is constantly popping up with new casino hotels. And some of the old casinos are even more numerous. The old hotels are declining because they are not attractive enough.

The really famous big hotels in Las Vegas, in addition to having big casinos, also have a common feature, the water surface area is quite large. And all of them are themed hotels with characteristics.

A 50-storey five-star hotel like the Palazzo may be a great hotel in other cities, but in Las Vegas, there is not much room for such a hotel.

If Sands is really in financial crisis and has to sell some properties, then selling it is the best option. Whether it's their casino resort in Macau [6] or Singapore [8] in Canada, it's all a whole, and the profit potential is better than this hotel. It is certainly the best object to deal with.

He asked Miller, "What's the value, then, of these properties?"

"After our joint assessment, all the assets add up to about $2.9 billion. ”

Link frowned and asked, "Twenty-nine billion dollars?" On the contrary, he felt that it was a little low.

The construction cost of the Palazzo Hotel alone is more than $1.8 billion. More than a decade later, it's no problem that just the price of land has risen, and the value of the brand, which may be worth more than $2.5 billion. Now it is only $2.9 billion, including the headquarters of the Sands Group, which makes him wonder if there is something wrong with their industries.

"Boss, according to Sands' own ideas, the Palazzo Hotel is worth at least three billion dollars. But we are asking to keep its price down. In the end, the Joint Assessment Panel judged its assets to be $2 billion. ”

"So low?"

"Because once it is out of the facilities of the Venetian Hotel, it loses its greatest attraction to tourists. The value will be lower than before. ”

Link was just strange, not dissatisfied. Miller and the others can reduce the price by 50%, and of course he will only be happy. With the purchase of the Palazzo Hotel, the passage between the two hotels can be connected again. Combined, the two hotels have more than 7,000 rooms, more than MGM Hotels. In a sense. They are the largest hotels in the world.

"Sands has no objection to the results of this asset appraisal?"

"This is an evaluation scheme that we have agreed upon by all three parties. But they demanded that if they wanted to buy it, they had to buy it as a whole. If you feel like you're going to buy these assets, you'll need to pay them almost two billion dollars. ”

The Venetian Hotel is Link's private property, so he can continue to use his private funds to buy the property listed by Sands.

He thought for a moment and said, "Do you need my signature to confirm?"

"If you want to buy those properties, of course you do. Miller nodded. "If you don't have a problem, we might be able to sign the transfer contract in the afternoon. ”

Link signed his name on the asset appraisal form and said, "The rest of the formalities are up to you." ”

Miller gets Link's autograph and leaves quickly. She needs to reach an agreement with Sands as soon as possible.

After Miller shut them up, Martha said to Link, "Link, are you free next week?"

"What's the matter?"

Martha said helplessly, "I remember I sent you an email to remind you. The foundation stone of the Hans Foundation's low-rent apartment in Houston will be held next Saturday. ”

Link also remembered this. He said apologetically, "I almost forgot about it." He said after a moment's silence. "I'll go. ”

After accepting the casino, he began to consider whether he should be in public as much as possible.

The casino owner, in the eyes of many, is a vampire figure. He didn't want to be like that in the public eye.

The low-rent apartment is a charity project, and although he doesn't like exposure, it's a very good channel for publicity. And he believes that he should actively establish a positive image towards the public.

Doing more charity may make the public forget a little bit that he is a casino owner.

"If you attend, I'll let Catherine discuss how I can connect you more closely to the low-cost apartment project. ”

"Do you want to do an interview? Tell me in advance if you need to. I may need to choose a suitable time. ”

"You're willing to be interviewed, of course it's the best!" Martha said with a smile. "I think we should also inform Amanda if you want. With more than two million followers on her personal website, her coverage isn't necessarily worse than those in newspapers. ”

Two million people are paying attention? Is that worse than a newspaper? I'm afraid there are not many newspapers in the United States that can sell this kind of money.

Newspaper media in the United States are not very focused on circulation, but more on advertising revenue. So they usually put as many ads as possible on the layout. Nowadays, with the development of the Internet, who still spends money to buy newspapers and read advertisements?

"You talk to her about this. Although he would pay Amanda some money every month, it was not much, it just gave him the opportunity to say a few good words for Link occasionally in his weekday reports. Now I want her to help with the publicity, of course, I have to talk about the price first.

"I will. ”

Link came to her this time and also had something to say to her: "We are going to open four low-rent apartments this year, and we must also make preparations for arranging employment for new residents." My companies can't accommodate too many people for the time being. I think the noodle chain has also formed a certain scale in the market. How good are those existing noodle shops?"

"Different places have different benefits. Martha recalled the data she had gotten. "The highest one has a pre-tax profit of $10,000 a week, and the lowest is only four or five hundred dollars. But there are only a dozen or so that are less than $1,500. So far, we have terminated contracts with 28 collaborators who have voluntarily terminated their contracts because their income is too low. ”

For those who terminate the contract, of course, it is difficult to recover the money, but the store is directly owned by Hans Investment. Martha can send someone to run it. Although it is a loss, it may one day be able to pay back. But if a family can earn tens of thousands of dollars a month, it means that this diet has begun to be accepted. And it has developed a certain market.

Link nodded and said, "You can consider opening more noodle shops now." Of course, how the market is distributed, you plan in advance. ”

"I'll do it. I'll be able to arrange it in a few months!"

Song Xianhe's current factory is about to reach its peak, and some noodle shops are getting better and better, and of course they need more and more noodles. If you want to expand your production capacity, of course, you can't arrange the production line at Fox anymore. That would increase costs. And the tight production capacity of Fox pasta also made him feel that the noodle shop could continue to expand.

"I'm going to have Fox Food Processing build a branch in Texas that will supply about 4,000 noodle shops," Link added. But how many can be accommodated in the market, you first do a research. ”

In fact, they will explain when the residents move in that there is no guarantee of employment opportunities for the residents. But the most interesting thing about low-cost apartments is that they can provide a lot of jobs. Now that there is a way to provide it, he still hopes to maintain that reputation. He needs that kind of fame too.

"Also, isn't there a low-cost apartment in Canada too? There, you do a survey as well. ”

"I'll arrange it later. Any other commands?"

"Well, I met a guy in New York who said he had a gold mine. I would like to receive professional advice. You can help me find some people to look at and see if it's worth investing. Link always felt that something was wrong with Claude Ross's words. But the lure of a gold mine is really great. "This time you're working with Douglas. You can check the things on the surface. It's up to him to check the things that are private. I've already told him. However, if there is something that needs to be checked, you will cooperate. ”

Martha and Douglas also worked together for a week, and the two got to know each other, and she said, "No problem! Do you have anything else?"

"That's all. ”

With his business said and done, Martha also has something to say to him.