Hollywood New Century

Chapter 370: Helena Ranch

Northwestern United States, Montana, capital Helena.

Helena is located in the basin area of ​​the Rocky Mountains in western Montana, with beautiful scenery and is known as the Queen City of the United States.

Simon is on a large ranch 80 miles west of Helena, which is much colder than warm Los Angeles.

It was just October, and the daytime temperature had dropped to between 5°C and 10°C, and Simon, sitting in a stone wooden house, was adding wood to the closet.

"Boss, I'm back, I've got a lawyer to sign an agreement, the entire ranch is 25,000 acres, there are three artificial lakes in the ranch, a 10-mile long natural river, valleys, forests and all farmed animals, the price is $2,000, ' said Catherine Hills with her portfolio in her hand,

"Of course it also includes these three houses and the surrounding warehouses."

Simon nodded, sitting in front of the closet and looking through the glass to a section of Qiulin in the distance, he seemed to like it.

He ordered: "Let someone build a 2-storey residence by the lake in the Qiulin. The area does not need to be too large, 5,000 feet is almost the same. As for the other companies, let the management companies carry out tourism development."

Katherine Hills nodded, this Helena Ranch is very good, otherwise it would not be 25,000 acres for the price of 20 million US dollars.

It is a good idea and measure to carry out tourism development and attract tourists to play, hike and camp.

"After a while, it will snow here, and the scenery will be better then," Katherine Hills sighed.

"It's empty and has the original wildness of the West. I've been in big cities like Los Angeles and New York for a long time, and sometimes I want to come to this kind of place to experience it." Simon sometimes needs to calm down in this kind of place.

"Has anything important happened these days?" Simon asked again, after all, he had been in Helena for a week.

"There is news from Martha that Blackstone Group seems to want to form a real estate investment fund with Nine Head Bird Capital to invest in the real estate business in the UK;"

“However, Ms. Nancy Davis doesn’t seem to have much interest, and Phoenix Fund is now making a big effort to attract capital, absorbing tech stocks in the stock market!”

Simon frowned. Blackstone Group wants to invest heavily in British real estate? Although London is a very attractive place for the rich, because there is no real estate capital gains tax on foreign rich people, a large number of rich people buy properties in London.

Ready to enter vigorously now? Simon's mind quickly recalled, London, real estate!

Yes, in 2013, London will start to collect stamp duty on property transactions of overseas investors and it is as high as 13% over £2 million.

In this way, before the introduction of the policy in the past two years, the real estate will appreciate rapidly, and then lead to the rise of the real estate rental business in London. With the policy of the free trade zone in London, the real estate industry in London will appreciate in an all-round way.

Blackstone Group, it is estimated that it has received some rumors, and the London government is definitely still discussing it. The London Parliament should be considering doing this to increase government revenue.

"Tomorrow back to New York, I want to meet Nancy Davis!" Simon still has some interest in Blackstone Group, after all, it is the world's largest private investment fund in the hotel and commercial industries.

In 2007, it used leveraged transactions to acquire Hilton Hotel Group for $27 billion and privatized it. In the face of the financial tsunami, Blackstone Group currently loses more than $6 billion and has more than $20 billion in debt. Fortunately, there is a quantitative debt policy in the United States.

If I remember correctly, Hilton was listed again by the Blackstone Group in 2013, and they all doubled their profits.

Soon, the next day, Simon flew directly from Helena Airport to New York to meet Nancy Davis at Xinghai Building.

"Now? The valuation of Hilton Group is not high now. Blackstone Group acquired it at a premium of 40%. After the financial tsunami, Hilton's valuation fell by at least 60%," Nancy Davis asked Simon about Blackstone Group's Hilton. The hotel said it directly.

"It's not even worth $8 billion now, Simon, do you have an idea?"

Simon nodded and said with a smile: "Blackstone Group reorganized Hilton's management, expanded the scope of franchise operations, and expanded the number of hotels to 4,000 by 2013. Of course, more than 70% of them are franchised;"

"However, this is also good. Hilton has a total of ten hotel brands, and the franchise investment is small and only needs to be responsible for the business model;"

"If I let you use $2 billion to invest in real estate in London with Blackstone this time, and get 10%-15% of Hilton's shares, it won't cost much!"

Nancy Davis said with a smile: "Blackstone's acquisition of Hilton was a debt acquisition, and the debt owners all hope to get rid of this. Blackstone has been working hard to convert debt to equity to reduce the amount of debt. We want Hilton. The shares can go directly to Goldman Sachs and Morgan Stanley to buy Hilton debt from them, and then negotiate a debt-equity exchange with Blackstone!”

"Just, do you really believe that the Blackstone Group can manage the Hilton Hotel again?"

This is the point. If the value of Hilton hotels does not rise in the future, it will not be worth it.

Simon nodded and said, "Don't worry, trust the Blackstone Group!"

"So, what about setting up a real estate fund with Blackstone Group to invest in London real estate?" Nancy Davis asked again.

Simon laughed: "I have received news that the London City Council is discussing the imposition of stamp duty on London real estate transactions, with a rate of up to 13% over £2 million; it is even more likely to impose capital gains tax on real estate for overseas investors!"

Nancy Davis was stunned for a moment, then nodded. As the head of Wall Street's top funds, of course he understood.

"After a year or two, you can indeed invest heavily in London real estate. As long as the policy is officially thrown out, it will definitely rise sharply in the period before it is implemented," Nancy Davis suspects that Simon Pike Going to acquire a Premier League football club, can this kind of news also be received?

The news must not be kept secret. After all, there are many members of the British Parliament, and those who are related will definitely make arrangements in advance.

"No wonder, I heard that the chaebols in the Middle East have directly won a street shop in London. It seems that this news is very accurate." Nancy Davis basically believed it. Even if not, London real estate can still be invested.

"Now the Phoenix Fund has successively attracted more than 5 billion US dollars of capital, which is enough for us to make this investment," Nancy Davis has decided to use at least half of the current funds to go to this troubled water.

"Phoenix Fund, yes!" The Phoenix Fund was originally formed by Simon to attract capital from Hollywood filmmakers to invest, but now it has become a behemoth.

But don't forget, Phoenix China Fund is Simon's parent body in Asia, and it really is the best era.

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