Chapter 146: Chapter 105: Receiving His Life’s First Property (Part 2)

His goal was to attract more Fortune 500 companies.

The office building had 47 floors above ground and 5 underground.

Of those, the fifth to the second basement levels held 470 parking spaces.

The first basement level was a 700-square-meter restaurant for office workers.

The ground floor housed the main hall for the Bank of China.

The second floor was an international conference center capable of hosting large conferences and banquets.

Floors three through seven featured high-end Chinese and Western restaurants, a top-tier spa, a members-only fitness center, a sky pool, and other premium commercial facilities.

Floors 8 through 31 comprised the actual office space.

The 32nd floor served as a refuge and evacuation level.

The 33rd floor was the hotel’s sky lobby for check-in.

Floors 34 through 47 contained the hotel’s guest rooms.

Naturally, Qi Sheng couldn’t inspect every single floor.

Instead, he listened to Zhou Huaiping’s overview and made a targeted tour of the premises.

When he reached the floor with the Hoya Hotel’s executive lounge, 𝙛𝒓𝓮𝒆𝔀𝒆𝙗𝓷𝒐𝙫𝒆𝙡.𝒄𝓸𝓶

the hotel’s general manager, Lu Yue, hurried over to greet him.

After a round of handshakes and flattery, it was clear he wanted to continue the lease.

"President Lu, I’ll be direct.

The Hoya Hotel’s brand recognition is a bit lacking.

It doesn’t do much to help with leasing the office spaces.

Since the previous lease has already been voided, I expect you to vacate the premises as soon as possible."

Qi Sheng had already gathered some information on his way over.

The occupancy rate for Mingyu Financial Square was decent.

However, there was still a significant gap compared to the top-tier, Grade-A office buildings.

Ultimately, the hotel brand operated by the Mingyu Group itself was holding the office building back.

Now that he was the new owner of the building,

he no longer needed to do the Hoya Hotel any favors.

"President Qi, couldn’t you please give us another chance? We promise to improve our service quality, enhance our reputation, and earn the trust of both the market and you."

Lu Yue pleaded, his expression pained, hoping Qi Sheng would give them a chance.

As the hotel’s general manager, if he couldn’t renew the lease,

then he would be out of a job.

"That’s all I have to say on the matter. President Lu, please have some self-respect."

With that, Qi Sheng turned and walked toward the elevator bank.

As for Zhou Huaiping, who was walking beside Qi Sheng,

he could only shrug and sigh in response to Lu Yue’s pleading gaze, a silent indication that he was powerless to help.

Previously, both men had been under the Mingyu Group, and they had a reasonably good working relationship.

But now, with his own job on the line, he didn’t have the luxury of worrying about whether Lu Yue survived.

"Damn it! Have the execs at the parent company lost their minds? What the hell is this?!"

Once Lu Yue saw that Qi Sheng and Zhou Huaiping had left the floor, he couldn’t stop himself from cursing the top brass at the parent company.

’He’d been doing just fine as the hotel’s general manager.

But who could have predicted such a sudden turn of events?

The prosperous Mingyu Financial Square had actually been sold off.

Selling the building was one thing, but the parent company had even declared the Hoya Hotel’s lease null and void.

Whatever the parent company’s reasons were for this decision,

he, the general manager of a subsidiary hotel, had been completely abandoned.’

...

「The 31st Floor.」

On the top floor of the office section, the property management office occupied 500 square meters.

Inside the lavishly decorated general manager’s office,

Qi Sheng sat in the executive chair, reviewing the building’s rental history.

The building’s occupancy rate was 95%, with a standard floor plate of 2100 square meters.

The office spaces generated 5.7 million in rent per month.

The Hoya Hotel contributed an annual rental income of 2.8 million.

But this was a discounted rate, 20% off the standard price.

Now that Qi Sheng was the new owner, he certainly wasn’t going to give the Hoya Hotel that kind of discount.

Asking them to leave was the inevitable next step.

As for the other commercial tenants—the bank, the gym, the restaurants—

they brought in 1.5 million in rental income per month.

All together, Mingyu Financial Square’s annual rental income totaled 120 million.

If he could raise the office occupancy rate to 100% and bring in a more prestigious hotel brand,

reaching an annual rental income of 150 million shouldn’t be a problem.

After his recent upgrade, Qi Sheng now also possessed Master-level Financial Skills.

He could easily be the CFO of a Fortune 500 company.

Reading a financial statement, then, was child’s play.

Putting down the income statement, Qi Sheng looked at Zhou Huaiping, who sat ramrod straight across from him.

’He was in a bit of a bind, wondering whether to fire the man on the spot or keep him on.

Firing him wouldn’t be an issue.

He was the boss; hiring and firing was his prerogative.

But from their interactions since he’d arrived, Zhou Huaiping seemed quite competent.

Otherwise, he couldn’t possibly have managed the building’s leasing so successfully.

As for taking the building to the next level,

that wasn’t something he could have accomplished on his own.

He was constrained by the support from the parent company, and the resources he could mobilize were extremely limited.

He even had to accommodate Hoya, a second-rate hotel brand.

He had raised the issue with the parent company before, but to no avail.

The Mingyu Group had gotten its start in the hotel industry.

Naturally, they hoped to cultivate a brand that could rival top-tier luxury hotels like the Hyatt or the Waldorf.

Clearly, Hoya didn’t have that kind of potential.

Because of the Hoya Hotel’s presence,

many Fortune 500 companies ended up becoming tenants in other buildings, like those owned by Renheng Real Estate, after their initial site inspections.

This just went to show the importance of the resident hotel brand.’

[System Prompt: You may convert real-world talent into employees loyal to you by either paying the cost of a corresponding-level Talent Recruitment Card or by using the card directly!]

Qi Sheng froze, then his face lit up with unexpected joy.

"Huh?"

Qi Sheng said, surprised. "This Zhou Huaiping fellow is pretty capable."