Fulfill the group’s commitment to “sell assets of US.5 billion within three years” announced in November 2017，188bet online live casino Hotels Group is about to sell two hotels in Maui and San Francisco。

The 188bet online live casino hopes to use the proceeds from the sale of assets to invest in new businesses，And return funds to shareholders。

188bet online live casino Hotels Group executives said on fourth-quarter earnings call，The group is preparing to sell Andaz Maui and Grand 188bet online live casino San Francisco，Buyers also showed interest。

The company is also looking to sell a third hotel，188bet online live casino Regency Coconut Point in Florida，But this is part of the group’s typical strategy of “recycling” assets (i.e. using the funds from the sale of hotel properties to purchase other hotels in markets where real estate is less expensive)，Not related to the US.5 billion sale plan。

188bet online live casino is selling the hotel，One side is also focusing on its recycling strategy，Invest the income from one property into another property。Florida Hotel is an example，2017，The group proposed a plan to reduce its reliance on real estate。Like most hotel companies，188bet online live casino looks to increase lucrative overhead expenses。

Last year，188bet online live casino said，It starts with 3.Phoenix-based property sold for >253_word_end<.5 billion Royal Palms Resort & Spa and 188bet online live casino Regency Scottsdale Resort in Scottsdale & Spa.

The two hotels to be sold this time are more expensive。188bet online live casino CFO Patrick Grismer said，These two hotels have solid market value，Because “these hotels are located in markets with extremely high barriers to entry”。 Grismer pointed out，Once 188bet online live casino sells these two hotels (the first round of bidding has been completed so far)，Expected to raise more than US billion before the second quarter，Completed more than 2/3 of the US.5 billion goal。

“Asset lighter”，This is how 188bet online live casino describes their approach。The group pays more and more attention to management contracts。Company data display，2017，Management fees account for approximately 48% of the group’s revenue，Produced 5.>257_word_end<.5 billion revenue，A year-on-year increase of about 13%。Grismer said，By 2020，Management fees should account for about 60% of the group’s revenue。

Why the US.5 billion sale plan was proposed

In addition to returning funds to shareholders，188bet online live casino also plans to use part of the revenue to invest in new businesses。The group hopes to expand high-end products，Expand geographic coverage，Improve customer experience and expand distribution capabilities。

As for the types of companies that may be acquired in the future，Said CEO Mark Hoplamazian，Whether it is now or in the future，Companies want to target targets that align with their customer base。“We have no plans to make large investments，Big investment may be good for us，But it may eventually diverge from our core business。”

Although selling properties at higher prices is relatively easy for 188bet online live casino，But group executives said，After completing the sale target of US.5 billion，The group will not sell other assets immediately。

"The plan to sell .5 billion in assets was proposed because we believe it makes sense，And retain significant asset and liability capabilities to continue to recover assets，is the foundation that drives our business growth。" Grismer added。

188bet online live casino’s fourth-quarter net income is million， RevPAR increased by 3 year-on-year.8%。

*This article comesSource: Maidian.com，Author: Beverly, original title: "188bet online live casino plans to sell hotel properties to achieve asset-light strategy》