Tao Liangchen
Chapter 423 Global Resort Hotel Group
Considering Su Yehao's age and capabilities, in the eyes of his family, he's like a child holding a huge sum of money, seemingly unable to control so many assets.
Delving into the reasoning behind this.
It's probably similar to parents not trusting their children to manage their own New Year's money. It hasn't reached the point where they can completely relax and let go.
If it were just a few hundred million Hong Kong dollars, with Su's father's strength, he might let Su Yehao mess around with it. Even if it were all lost, it wouldn't seem like a big deal, as he could earn it back from other places.
However, Su Yehao currently holds more than ten billion Hong Kong dollars and has invested it in fields that Su's father doesn't understand.
He's used Yahoo, tAt, tvt, etc. in private, but as far as Su's father is concerned, he can't figure out why these things are so valuable.
Although he's rich and has a broad perspective, it's impossible to be proficient in everything.
Sihai International's strengths lie in real estate, building materials, and construction engineering, which are the Su family's traditional businesses.
As a result, Su's father is particularly worried but can't give his son too much good advice, fearing that he might inadvertently do more harm than good and be resented.
Unable to rely on himself, he started thinking about vague and ethereal things, such as finding Huang Daixian (a famous Taoist priest) to calculate Su Yehao's fortune.
For no other reason than to seek peace of mind.
Hearing his father mention finding Huang Daixian for fortune-telling, Su Yehao wasn't worried at all. With his relationship with the priest, he could send a message in advance to give him a heads-up, so he wouldn't have to worry about being held back.
Although he didn't believe it.
But since spending a little money could save him from his parents' nagging.
Su Yehao still thought it was worth it.
So he readily agreed and, taking advantage of a trip to the restroom, quickly sent a message to Huang Daixian, simply writing, "Smooth sailing next year, thriving wealth."
With his ability to make a living with his mouth, Su Yehao believed that Huang Daixian could come up with something according to his wishes to help reassure his father.
The U.S. dollar is still raising interest rates, and combined with the many positive news brought about by technological developments, this round of Nasdaq tech stock bull market should continue for some time. If he holds on until the second half of next year, Su Yehao will take the initiative to cash out without his family reminding him.
From the beginning of his investment in Yahoo, his main idea was to make a quick buck and run, which is different from his relationship with the Zhao family and Donghuang Group.
Look at Bill Gates, who has been periodically reducing his holdings and cashing out to invest in other fields since two or three years ago. He probably didn't expect the Internet to develop to its current scale, let alone foresee the future.
He knew his parents were doing it out of kindness, but it was really meddling in other people's business.
Su Yehao has a good sense of propriety and doesn't think he'll fail.
The worst-case scenario is just running early or late, failing to accurately step on the peak of the bull market, and earning a little less money, which isn't a big deal...
Before Huang Daixian arrived.
Su Yehao called the little girl to ask if she wanted to come to his house for a meal.
The little girl certainly wanted to, but she decided to stay at home and have lunch with her mother, probably feeling restrained and uncomfortable with Su's father and Second Aunt around.
After asking casually, Su Yehao didn't insist. He went back to his room to play on the computer and found that the computer's configuration was outdated, and the internet speed was slower than in Hong Kong.
Casino's population is really too small.
So small that even though he knows there's a market for investing in broadband, Su Yehao is too lazy to bother investing. At most, there are hundreds of thousands of users, and even if the profit is high, how much money can he earn in a year?
He logged into his email, replied to each one, and then checked yesterday's earnings.
Some of the invested assets made money, and some lost money. Yesterday, he only earned more than three million U.S. dollars in total, which is like not earning anything compared to the total holdings of more than two billion U.S. dollars.
However, Gulfstream Aerospace, the company that ordered the private jet, sent him an email, saying that the plane has begun production, and he should contact them recently to confirm the interior and upgrade accessories, etc., and give them a reply within a week if possible.
He'll soon have something fast flying in the sky, and he already has a lot of things running on the ground. As for swimming in the water... after searching for news about superyachts, Su Yehao found that the designs were all conventional and not cool enough.
Thinking about waiting until he redeems the money from the stock market before looking for a reliable shipyard to ask about it, he then sent a message to his assistant Zhuang Wei, asking if she had contacted the Maldives Global Resorts hotel group.
Since Linda Yun took over the work originally belonging to Zhuang Wei, Zhuang Wei, the former personal secretary, is now the head of Su Yehao's family office.
The entire assistant team has more than twenty people, all with at least a master's degree in finance from Hong Kong University. They all revolve around Su Yehao, and the office is in an office building in Central, separated from KOKO Ventures' Hong Kong headquarters by a wall.
The family office doesn't directly generate income, but it's Su Yehao's transfer station for controlling various projects, mainly responsible for communicating information and assisting him in managing his assets better.
No matter how many things there are, when distributed among many employees, they become small things.
For example, regarding contacting the Maldives Global Resorts hotel group, Su Yehao only said yesterday afternoon that he wanted to acquire it. Zhuang Wei called at this time, saying that she had already arranged for two assistants to lead a team of people from the accounting firm and McKinsey Consulting to form an inspection team, which chartered a plane to Malé Island this morning.
After asking, Su Yehao learned that the capital of the Maldives is called Malé.
The specific situation will only be known after contact.
This hotel group's main business is in the Maldives. As early as 1972, it invested in developing the first Coconut Island resort hotel in the Maldives. It currently owns four islands in the Maldives and is also the largest hotel group.
Although it is said to be the first, according to McKinsey Consulting's preliminary assessment results, the total value of the entire Global Resorts hotel group is only 20 to 30 million U.S. dollars, which sounds particularly cheap.
Unlike hotels in Hong Kong, the Maldives is not short of scenic deserted islands.
Long-term renting or buying an island, investing in building some wooden houses and thatched huts, equipped with power generation equipment, etc., can be put into use. Limited by the island's area and geographical location, it is only suitable for wealthy people who are tired of living in the city to go to the island for a few days of leisure and change their mood.
There are many beautiful islands all over the world, and there are many tourist destinations for tourists to choose from.
Wealthy people can spend hundreds of thousands or millions of U.S. dollars to buy a beautiful small island in the tropics, which may be larger than the islands owned by the Global Resorts hotel group.
Compared with the Maldives in the Indian Ocean, the price of the Bahamas is slightly more expensive, mainly because it is close to the United States and is regarded as a backyard, with a large number of tourists.
And the Maldives is too niche.
Su Yehao gradually came back to his senses after thinking about it afterwards.
He felt that it might be because it was closer to the mainland, so news about the Maldives was more common, making a deep impression on him. Naturally, he felt that the Global Resorts hotel group should be worth more than just that little money.
In fact, it's not that expensive.
The entire Global Resorts hotel group's peak season is only the winter in Europe, with an annual turnover of only six or seven million U.S. dollars, and even less net profit.
Buying it for 20 to 30 million U.S. dollars would take more than ten years to recoup the cost, but it would be time to renovate the hotel when the money is recovered. From an investment point of view, it is really not cost-effective.
But the reason why Su Yehao wants to buy it is not for investment, but to treat the beautiful island as a gift.
So as long as it's beautiful, nothing else needs to be considered...