Hutchison Whampoa Ltd. and the Cheung Kong Center Case Solution
The Hilton Hotel was among the land's oldest and best known landmarks. HWL completely owned it. To proceed with the redevelopment strategy, HWL proposed to compensate the Hilton Group for an early termination of its 50-year management contract. The price for damages was estimated to be around U.S. $125 million.
Before approaching the Hilton Group for the buy-out, the chief development executive of HWL expected to convince himself and the managers that the redevelopment plan and that the deal was needed would be beneficial to both its stockholders and the group. This articlegivesstatistics to illustrate the important trends in the marketplace and causal factors over 20 years and explains the background to the Grade An office rental market in Hong Kong.
This is just an excerpt. This case is about GLOBAL BUSINESS
PUBLICATION DATE: January 15, 2003