Hollywood New Century

"I didn't expect to see you here at the Cannes Film Festival, cheers!" Simon and Ivanka chatted together leaning against the parapet on the upper deck of the yacht.

"I was originally in New York, and Wendy asked me to come here for two days," Ivanka laughed.

Simon nodded, I really don't understand how these two became good friends!

"The scenery in Cannes is good, and tomorrow will be the closing ceremony for the awards. It will be very lively. It is indeed a good place to relax," Simon nodded and said, the weather is pleasant and the scenery is beautiful.

Ivanka turned to look at Simon, holding her head and smiling: "Remember Jared Kushner of the Kushner Group?"

"Remember, what's the matter?" Simon nodded, aren't you two in love?

"The Kushner Group is now heavily in debt because of the previously acquired building in Midtown Manhattan." Ivanka does have plans to fall in love with Jared Kushner, but their family is Jewish and needs to convert to Judaism, Ivanka was called to Cannes by Wendi Deng before she could decide.

Wendi Deng also seems to think that Jared Kushner is a good match for him, after all, the family is a famous real estate developer.

"In the current situation, the Kushner Group is not the only one with a lot of debt, and now the Kushner Group is in contact with Steven Ross of Vornado Real Estate Company to give up part of the property rights. Naduo real estate companies also need good news to stimulate their stock prices now," Simon said, although he didn't understand their various operations very well, but he also understood a little.

The Kushner Group’s main business is housing in New Jersey, and the acquisition of buildings in Midtown Manhattan is another leveraged financing acquisition; Vornado Real Estate has also seen a sharp drop in its share price due to the subprime mortgage crisis, and a stake in a luxury building in Midtown Manhattan can indeed give Investor confidence.

"Yeah, it seems that you are indeed paying attention to the real estate market in New York," Ivanka is now the vice president of her own group, helping her father manage the business.

"The Brooklyn Stadium project and the Xinghai Building project in Tribeca, lower Manhattan are all large-scale projects with a lot of investment. Your Nine-Headed Bird Fund is so beautiful this year," Ivanka said with sincere envy. Shorting CDS in a crisis is so beautiful.

Simon can't deny that your father is also a talent. Don't you like to file for bankruptcy of a certain company after encountering difficulties? From the early Mahataj Mahal casino hotel in Atlantic City to the resort and entertainment resort in previous years, there have been 6 bankruptcy records in more than a dozen years.

"Why, are you interested in my Brooklyn Stadium or Xinghai Building?" Simon asked with a smile. If you are willing to pay, Simon doesn't mind giving up part of the equity. After all, the current cash flow is really important.

Ivanka shook her head, looked at the Mediterranean Sea in the night sky, and smiled: "I hope you are interested in the hotel!" But then she laughed at herself,

"However, at this time, a shrewd person like you is definitely not interested."

"A hotel?" Simon said with a smile, "Who said I'm not interested in hotels, I'm interested in Hilton Hotel Group now!"

"Hilton Group?" Ivanka opened her mouth in surprise and said in surprise: "After Blackstone Group acquired Hilton Holdings Group in a leveraged transaction last year, now the subprime mortgage crisis has broken out and assets have shrunk significantly, which can be said to be Blackstone Group's worst acquisition. ."

Blackstone bought Hilton Holdings for $26.8 billion in June last year and then took it private from the New York Stock Exchange. Blackstone Group itself only contributed 6.8 billion US dollars, and the remaining 20 billion US dollars of funds came from external investment banks or funds.

High-leverage financing acquisitions, and the outbreak of the subprime mortgage crisis this year, Hilton Worldwide sales fell by more than 20%, and earnings before interest, tax, depreciation and amortization fell by 40%.

Blackstone Group's current investment in Hilton continues to write down.

Simon nodded and said indifferently: "I think it's a big hole, right? Blackstone Group is indeed very difficult at present. As the first private equity fund to go public, their ability to manage listed assets is still good. If the group restructures its assets, replaces its management, and changes its operation mode, there is still a chance.”

Of course, these are all successful measures of Blackstone Group in the future. It has indeed succeeded in changing management and reducing operating costs.

In the future, Hilton Group has also turned around after its re-listing, becoming the most successful investment of Blackstone Group, and it is still a Chinese investment group.

Ivanka's brows wrinkled. She is too familiar with the chain hotel group. The Hilton Hotel is really good, but can the Blackstone Group really survive?

"Are you going to take a stake in the Hilton Group now?" Ivanka asked, now Simon has the capital.

Simon shook his head and said with a smile: "I don't have the energy or time now. I have too many things in Xinghai Entertainment. I will consider it if I have a chance in the future!"

After all, there are too many things to make money, and a Hilton Group in a mere area can’t be seen, and it’s okay as a diversification investment.

"Well, I have time. Although I am working in my father's company, I don't have any specific business. It's just a few fashion brands I created by myself," Ivanka said, staring at Simon.

"I'm very familiar with hotel management, how about we cooperate?"

"Uh!" Simon was stunned for a moment, this guy is indeed an insider, and approached,

"What kind of cooperation law?"

"We jointly set up a hotel management fund under the banner of Jiutou Bird to invest in some promising hotels!" Ivanka responded seriously.

"Of course, this hotel management fund must be dominated by you, and I can manage it. After all, I have some connections in this area, and the general direction will still follow you!"

Simon smiled, a little interesting! Now that the Nine Head Bird Fund is in the limelight, the establishment of a hotel management fund must be dominated by itself, isn't it just to pay for it?

Ivanka will manage it, and the general direction has to be determined by herself. Isn't this just wanting to drink some soup with herself?

"I have to think about it, after all, I don't have time right now," Simon said. Why should I take you to make money? You manage, you are only 27 years old, and you have not proven yourself to have the management ability in this area!

Ivanka is also smart, of course she understands the perfunctory in Simon's words, her mouth is close to Simon's ear and she smiles: "Simon, you don't seem to believe that I have this ability?"

"How can you prove that you have the ability in this regard?" Simon is not stupid. If it is okay to invest in Hilton Group, it will be managed by Blackstone anyway; but if it is an acquired hotel asset, then you need to participate in the management yourself. Now, you can't completely entrust someone else, otherwise, what's the use of you?

Ivanka smiled, but took the initiative to kiss Simon's lips!