Could HTZ sold to foreign investors?
#1
Original Poster
Join Date: Nov 2013
Posts: 41
Could HTZ sold to foreign investors?
It is becoming very common. Chinese investors are looking for assets in the US. They made an offer for Starwood (HOT), could they make an offer to HTZ?
It seems:
1. HTZ valuation went down due to mismanagement and restatement of their finances. It seems the cheapest at this moment.
2. HTZ is famous for international marketing. I have known a Chinese businessman who knew Hertz in 90s while no other US rental company in China. I ask them why you know Hertz, he told me: Because when I applied for credit card in 90s in China, Hertz ads always there..He says Chinese travellers prefer Avis & Hertz rather than Enterprise.
It seems:
1. HTZ valuation went down due to mismanagement and restatement of their finances. It seems the cheapest at this moment.
2. HTZ is famous for international marketing. I have known a Chinese businessman who knew Hertz in 90s while no other US rental company in China. I ask them why you know Hertz, he told me: Because when I applied for credit card in 90s in China, Hertz ads always there..He says Chinese travellers prefer Avis & Hertz rather than Enterprise.
#3
FlyerTalk Evangelist
Join Date: Jan 2005
Location: home = LAX
Posts: 25,933
Also, the Chinese investors didn't just make an offer for Starwood out of the blue. Starwood had officially put itself up for sale. (It had a potential buyer in Marriott, but the point is before either Marriott or the Chinese made an offer, Starwood had announced that it wanted to sell itself.) But Hertz hasn't made any such statement, have they?