Expert answer:The AccorHotel Group
Solved by verified expert:The AccorHotel Group is a huge player in the hotel/hospitality industry. Recently they made two big announcements; acquiring the Orient Express and trying to buy the Australian company Mantra Group. Similar to the Wanda HW assignment….why? How do these fit into their game plan(s). Were there things said or done 6 weeks or 6 months ago that might have signaled these moves? How does these enhance or detract from their positioning. Is their parent company (AccorHotel Group) “brand” affected?Remembering in Wanda, they sold assets, in AccorHotel Group, they are buying…. Dalian Wanda Group in the attached
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Dalian Wanda Group
Introduction
Dalian Wanda Group is a multinational company with its headquarters situated in China. The
team mainly deals with real estate investment, parks and hotels amounting to a giant
corporation providing entertainment services both locally and internationally. Following the
current research, Dalian is the second wealthiest businessman in China. The group has been
engaging in buying and selling of parks and hotels globally employing both locals and
foreigners. Currently, Wanda group has sold some of its assets to meet its operating costs
due to some paramount needs for money in various issues surrounding them as stated
below:
Debt
The current scrutiny indicates that the group has enormous deficits that have forced the
management to sell part of their assets to settle down their debts. The solution was arrived
at as the only last resort for them to undertake to pay some borrowed money from various
financial institutions and also their employees within the organization (Liu, 2017).
Regulatory risk
Following the close of the group’s film shares, some financial regulatory stepped in to check
the health of the company’s loans and also put some financial measures to various private
companies in China that seemed to undertake international deal thus limiting the business
operations and crucial decisions of the company.
Acceleration of the company’s strategy
Due to poor performing in parks, hotels, and entertainment at large, they decided to employ
asset light strategy by selling part of the parks and resorts for real estate. Also, due to
competition from other companies and preparing for another spinoff they decided to sell
their assists (Li, 2016).
Conclusion
In conclusion, due to strategy implications, they sold their assets to implement them. Also,
the company was seriously in need of money to settle their enormous debts including
salaries of their workers and borrowed money. The company did this not because they were
poorly performing but to fit their plan of asset-light strategy although this was not part of
their mission statement the surrounding circumstances demanded such decision.
References
Li, W. (2016). The challenges of China’s culture “going to the world”’. The Handbook of the
Cultural and Creative Industries in China, Cheltenham: Edward Elgar, 116-28.
Liu, S. (2017). Financial Analysis of Dalian Wanda Group.
…
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