It was much more expensive than the Marriott, and of course, the class was much higher too.
Under normal circumstances, the annual retail total for a Banyan Tree Presidential Suite on the Bund exceeded 20,000,000 RMB, potentially reaching 24,000,000 RMB. However, these were two different concepts.
Retail meant instability on one hand and signified a vacancy period close to 40% on the other.
During vacant periods, the Presidential Suite's private butler team couldn't collect service fees. Additionally, the hotel's other facilities lost the patronage of a major customer.
Therefore, a tycoon paying 20,000,000 RMB for a long-term stay was more valuable than 24,000,000 RMB from retail bookings.
If expenses for dining, entertainment, meetings, banquets, and other services could be entirely fixed with such a client, the former arrangement could be worth more than twice the latter, with no upper limit.
So, Brother Lie was now Banyan Tree's prime Sugar Daddy.
"Happy cooperation!"
