Chapter 1307: A Large Landowner on the Monterey Peninsula
It is very difficult to escape from being targeted by giant pandas, and they will do everything they can to cling to people, such as now, Wolong and Little Barry are holding their owner's legs and begging for food, looking like two oversized panda-shaped slippers.
Han Xuan ignored them, very relieved about the contract drawn up by the company, and the reason why he looked through it at the moment was to learn more about these two places.
A little more is known about the situation in Seventeen Mile Bay, where the coast extends fifteen nautical miles and is included in the fishing grounds of this acquisition, and the land area extends about two kilometers inland from the coast.
Such a small piece of land, because it contains California's famous scenic spots, has become particularly valuable, and this money can buy a huge ranch of about a million acres in Texas.
In addition to the $7.9 toll booth that you have to pay every time you pass by, the profit point is the outrageously expensive residence.
In total, more than 6 million people passed through the area last year, and the cost of maintaining the road is very low, and the Gambo Sea Ranch was previously able to get a share because a section of the road passed through it.
Surrounded by beautiful scenery and close to numerous golf courses, it is one of the most famous upscale residential areas in California, and anyone who can buy a house here can be worth at least a million dollars.
During the investigation in advance, it was learned that most of the more than 1,000 local residents have an annual income of more than 100,000 US dollars, and there are also many multimillionaires and billionaires, such as Gates, Ellison and others, all have houses here.
Pebble Beach is mainly focused on golf balls, and there is also land in the surrounding area that can be developed into a residential area, and the land price is no cheaper than that of Seventeen Mile Bay.
Last year, California's more than 800 golf courses brought in more than $5 billion in direct revenue, and more than $10 billion in indirect economic benefits.
Pebble Beach Golf Resort has seven 18-hole golf courses, including Pebble Beach Links, Spanish Bay Links, Overlook Hill and Del Monte Golf Course, all of which are public courses and the remaining three are private, and Pebble Beach Golf Resort has three hotels with about 1,000 employees.
The assets of Delmont Real Estate include 18,900 acres of land on the Monterey Peninsula, Pacific Grove and several large parcels of land around Pebble Beach, Delmont Forest near Seventeen Mile Bay, Delmont Farm, Delmont Hotel, and 43 percent of the Monterey Town Waterworks.
Golfing at Pebble Beach Links costs about $500 per person, and last year the courses hosted more than 50,000 people and made about $38 million in profits, as well as other industries.
Minoru Kumatori sold his membership cards for $1 million each, and more than 60 people bought them, which shows how much people like to play golf here.
That's probably the case.
Highway toll booths and golf courses can be regarded as long-term businesses, if they didn't have stable returns, Han Xuan would be stupid to pay more than a billion dollars to buy such a big place.
He read it quickly, and the other two parties studied the contract slowly, until it was almost noon, when Han Xuan had already gone out for a walk, and then came back to sign the contract.
The two parties accepted the contract under the witness of the notary, and the Seventeen Mile Bay and Pebble Beach Company officially became Han Xuan's.
The other party did not stay for lunch, and accompanied by Secretary Dawson, hurried to the headquarters of East West Bank in Santa Clara to go through the procedures for transferring assets......
Went home for a light lunch.
Han Xuan was preparing to go with the Elder housekeeper to see the property he had just bought, and then go to Monterey Town to buy something.
Mr. Chester, the mayor of Monterey, arrived in a red Dodge Ram pickup truck, and after getting out of the car, he gave Han Xuan a big hug.
"Haha! You've finally bought these places back, and we're all about to become those goddamn Japanese people on the Monterey Peninsula!
You don't know, they sold their houses so expensive, and the price of the land around our town was also rising, and a lot of people complained to me that they couldn't afford to buy a house and had to kick them out, but people who already had a house made money because of it.
I have a total of three suites, last year I sold one, the other set for rent, now it is still the tourist season, the daily rental business is very good, and when it gets cold, I will try to rent it to others for a long time.
HH, almost half of the Monterey Peninsula is yours now, will there be any measures introduced after this acquisition, such as eliminating toll booths and reducing playing fees?
I had to go to the overlook hill course, pebble beach was so expensive that a round of golf would cost me three days' salary......"
This old man came in a hurry to find out Han Xuan's tone, and now that he has become half the master of Monterey Bay, his actions will have a great impact on the surrounding area.
Han Xuan blinked and said to Old Chester Mayor, "If you sell me Zhang Daqian's painting, I'll tell you, but you should be able to guess that I'm not a philanthropist, and that won't do me any good." ”
"It's my favorite thing, Zhang Daqian lived in our Monterey Bay, and I thought a lot of ways to get a painting of his, and it has appreciated a lot over the years...... Give me a house, and I'll exchange it with your paintings. ”
Talking and changing the topic, he really planned to sell it, Zhang Daqian had settled in this neighborhood for several years, old Chester knew him, and there was a painting of him, which was told to Han Xuan by the housekeeper of Erner.
At the beginning, there was a treasure island man who took out a lot of garbage cans all day long and sent them to Los Angeles and San Francisco to sell, so he made a small fortune.
When the news got out, people learned that his work was valuable, and at that time the old mayor of Chester was already the mayor of the town, and he had been grinding and soaking for a long time, and he had to get a painting from him.
Every time I see the old man, I will mention this matter, old Chester was reluctant to sell before, but now he has suddenly changed his sex, which makes Han Xuan a little puzzled, and asks him: "You said those houses that were just developed?"
A painting of Zhang Daqian is not as valuable as those villas, you should know. ”
"Well, I didn't have confidence in the Japanese before, but if I have faith in you, you must have a way to sell the houses that can't be sold, right?
I think that the value of the property here will definitely increase in the future, so I want to invest in you, add $100,000 to a painting, and buy the smallest villa, is it enough? ”
"Erna, you see, someone came to buy the house just after the acquisition, so you don't have to worry about me losing money."
Han Xuan turned his head and said to the old housekeeper that during the meal just now, Erna had expressed concern about those empty houses, and then said: "Bring me the painting first, if you are satisfied, even if you don't have to give money, I will exchange a house with you." ”
The old Chester mayor asked, "What are you going to do?"
Now the price of the house is a bit high, many people are reluctant to buy, a few years ago when I heard about the plan to develop 800 villas, I knew that he would definitely lose money.
Because the transaction volume of nearby houses is only about 20 units a year, most of the people who bought houses from him before were wealthy Japanese people. ”
"Scarcity is expensive, and there are few houses, so the price is high.
A dozen kilometers away, there are a thousand houses that are enough to be saturated, but any more will be crowded, and in the next twenty years, I do not plan to continue to develop here, there are only so many of them.
Therefore, the 672 houses are all limited editions, and the Pebble Beach side will not be developed in the short term, and the surrounding population will remain at about 6,000 people.
I'm going to sell a batch at a low price within the company, they should be interested, and those business partners can also get a discount from me, and then there are about 400 units left, and the price is a little bit higher than now, especially the house near the sea. ”
“…… Clever, you've thought about it a long time ago, right?
Even if the Japanese want to do this, they don't have your terrifying influence, and if you bring in some more celebrities, the price will definitely skyrocket, and there are only more than 600 houses, so you don't have to worry about it at all.
Wait, I'm going to show you the painting now! ”
"Let's wait for the evening, come over for dinner in the evening, we're ready to go out now.
By the way, if I want to advertise, can I borrow the town's radio? ”
"What advertisement?"
"Golf course member's."
"A million dollars?"
"Of course it's not that high, it's a good idea.
Divided into levels, the minimum is 50,000 US dollars a year, you can stay in a hotel for free for two months, the higher the membership level, the better the room, and the longer the free stay.
As for those who used to spend a million dollars on membership cards, they could stay in villas, play on private golf courses, and I would buy a couple of small yachts for them to use for free.
In this way, there are only 300 houses for sale, leaving 100 for rent......"
In fact, the two Japanese people before didn't have the right business ideas in these places, but unfortunately they were Japanese and didn't plan it well.
If Minoru Kumatori was going to sell 10,000 membership cards, each for $100,000, he would certainly not sell just over 60 in a few years.
As soon as he came, he planned to scrape the ground, and it was normal to lose money, Han Xuan had already asked people to do a survey among the rich group and make a detailed plan, he didn't plan to make too much money at once, but it was better to be stable.
After chatting with the old mayor of Chester for a while, he left happily, and Han Xuan and the others also set off, looking at the short bay and visiting the empty houses listed for sale.
Then I went to a few golf courses, and felt that the three resorts were a bit old, so I asked Carl, the head of Pebble Beach, to find someone to renovate them.
Pebble Beach Links Golf Course is famous for every reason, it used to be full of vintage cars, but now the empty course is particularly charming, with the sea, green meadows, woods, hills, small lakes, and the perfect combination.
Recently, the weather has been good, and many people are playing golf here, next to the blue sea, and there are several rows of yachts parked next to the marina.
Along the way, nearly 20 kilometers were Han Xuan's land, and it took two hours to inspect.
It took a short time to integrate the industry and re-plan to get the place back on track, and I chatted with a group of company executives about the future as they got in the car and headed to Monterey......