Chapter Seventy-Three: The 7 Days Hotel
When Li Hualong and Xi Chongyi fell asleep, Xi Chongying and her husband He Zhiyou were going to Wushan Yunyu together in the next room. After the passion, He Zhiyou hugged Xi Chongying in his arms, stroked the skin of his wife's back, and said with a smile: "Why are you so anxious today = color?" "Who's in a hurry = lust, it's not what you want." Xi Chongying said angrily. "Huh!" He Zhiyou knew that he couldn't reason with his wife on many things, so he asked instead, "Do you like to live in a villa?" "Who doesn't like to live in a villa if they are rich." Xi Chongying smiled, "Do you want to buy a villa?" "There's this idea." "If you want to buy a villa, you can also make up the money to buy a villa." "Later, let's ask Aaron to see what villas he has for sale." "Ask the bank for a loan, or sell the two apartments you are renting?" "Uh......" He Zhiyou thought for a moment, "Sell the two apartments first, and keep the house we live in now." "When I buy a villa and decorate it, then sell the house I live in now?" "Let's talk about it then, if you don't lack money, you can rent it out." "At the beginning, we spent so much effort to decorate the house, and we have only lived in it for a few years, and we are really reluctant to rent it to others." "The old doesn't go, the new doesn't come." He Zhiyou persuaded with a smile. "What?" Xi Chongying straightened her face and reached out to twist the meat around her husband's waist, "You want to take me too?" "What nonsense?!" He Zhiyou smiled bitterly, and kissed his wife on the lips, "Wife, I will love you for the rest of my life." "You won't fall in love with another woman, will you?" "Yes!" He Zhiyou said in a natural tone. "How dare you ......" "Our daughter, can I not love it?" He Zhiyou hurriedly explained. "Humph!" Xi Chongying snorted heavily, stared at her husband for a moment, and then asked, "Do you really want to buy a villa?" "The main thing is to listen to you. Buying a villa is a big deal, and the big things at home are not all up to you! "Huh!" Xi Chongying smiled, "Then buy a villa, it's best to buy a nearby house, and in the future, we will come to visit grandma, and it will be convenient for everyone to get together for a party." "I agree!" He Zhiyou smiled, was silent for a long time, and asked, "Chongjian makes movies for Aaron's film company, and he has to make many films a year, do you know how much his income is?" "How did you come up with the idea of asking this?" Xi Chongying looked up at her husband. "Just ask." "There should be a lot, he is a popular student now. A while ago, I heard my grandmother say that Chongjian served as a ribbon-cutting guest for a watch store and earned 3,000 yuan. "That's a lot?" He Zhiyou was surprised, he knew that 3,000 Hong Kong dollars was not a small amount, and most people in Hong Kong could not earn 3,000 Hong Kong dollars a year. "It's not too much, Chongjian has dealt with that boss before, otherwise, the price is better." Xi Chongying said with a little pride, her younger brother has a talent, and her sister feels very proud. "It seems that being a star has a promising future." He Zhiyou sighed. "To be able to become a big star, the income is naturally high, and if it is a small star, the income is very average." "Even if you are a small star, your income is higher than that of an ordinary clerk." "That's it. Otherwise, there wouldn't be so many people who want to be stars. "Chongjian has a girlfriend now, right?" He Zhiyou asked curiously. "I guess there is. He's too young to be determined. "I'm not young anymore. He's older than the gravity, and the weight has children. "Chongyi got married a little early." "It's not early, when she married Ah Long, she was already twenty." Xi Chongying smiled, "At the beginning, when she got married, I was worried that she would not be happy, but I didn't expect Ah Long to be quite good, but he was a little more careful." "There are few capable men who don't care." "Do you want to spend your heart too?" Xi Chongying glared at her husband and asked. "What are you thinking, I can marry you in my life, I am content." He Zhiyou smiled and kissed his wife's lips, "Do you want to take a nap?" If we want to get it, let's stop talking. "Sleep, squint." Xi Chongying kissed her husband's face, smiled, and closed her eyes. Twenty days later, on October 1, the first 7 Days Hotel in Tsim Sha Tsui opened, and Li Hualong did not attend the opening ceremony of this express hotel because he was busy with things. The price of 7 days hotel room fee is very affordable, the first seven days of opening, the room fee is discounted by 20%, and the price is more favorable, so the preferential price attracts a large number of customers. The next morning, Li Hualong had breakfast at home and received a call from Xi Chongxing. "Uncle, have you had breakfast?" Li Hualong asked with a smile. "I've eaten it." Xi Chongxing smiled and said, "Ah Long, report to you." "Okay, let's make a long story short." "Seven Days Hotel had a 100 percent occupancy rate last night." "That's good, it's off to a good start." Li Hualong said happily. "A lot of customers want to stay, but the number of rooms is not enough. I estimate that in the next ten days, the occupancy rate will reach 100%. "What about after the three-week event?" "It's hard to say, but I personally feel that the occupancy rate can be maintained above 90%." "I hope so. If business is really so good, then open a few more express hotels in the future. "Open a number of express hotels, your boss has the idea." "You're going to help me with that, too." Li Hualong and Xi Chongxing chatted for a few words, and then hung up the phone. In the first seven days of opening, the occupancy rate was 100 percent, and for several years afterward, the overall occupancy rate of the hotel was above 80 percent. Li Hualong saw that customers accepted budget hotels, and the profits of operating such hotels were very high, and in the next seven years, an average of less than ten months to open one, seven years to open nine new stores, by the end of 1965, Li Hualong owned 10 7 days hotels, a total of more than 2,000 rooms. Some customers who rent 7 Days Inn for a long time and treat 7 Days Inn as a serviced apartment sign a long-term lease with a discount on the cost, which has won 7 Days Inn some stable customers. Li Hualong has many more profitable investments than investing in and running 7 Days Inn, but he likes this business. Li Hualong knew very well that the price of land in Hong Kong would rise greatly in the future, and before investing in buying land to build a 7-day hotel, he thought about demolishing and rebuilding it decades later. 7 Days Inn is located on a well-connected street, and although the ground floor will be used for rent, the property will not be sold. Considering that he will tear down and rebuild his long-term property in the future, Li Hualong is willing to buy land and build buildings in succession, and if there is a need in the future, he can tear down several old buildings and merge them into one unit for development, and rebuild a single building with a larger area, so as to obtain greater profits. As his real estate company made more and more profits from developing real estate, Li Hualong gradually realized that he could not only make money by developing real estate, but also invest in real estate, after all, Hong Kong's land and population are limited, and his real estate company has continued to grow and grow, and its market share has increased, but it cannot monopolize the market. Li Hualong knows very well in his heart that real estate investment, long-term holding of property, can bring huge profits, at the same time, he can also choose to sell high and buy low, during the peak of the property market, he sells the property, and when the property market falls into a downturn and the house price plummets, he can buy the property again, or buy land development, so that he can get a lot of profits when he sells and buys.
InterContinental Hotels Group, a subsidiary of Li Hualong, has invested in building hotels in Hong Kong and has held hotel properties for a long time, which is a kind of real estate investment.