THE ONE TIME IT’S OKAY TO READ OTHER PEOPLE’S MAIL
August 2nd, 2018
From: Libby Dewitt
Business Analyst
Mergers and Acquisitions
GlobalLux Inc.
510 Windsor Road
Valcourt, Avonia
A8V 4G7
Office Number: 23-334-4545 ext. 201
To: Harrison Banks
Owner/Proprietor of Paradise Bay All-Inclusive Resort
1 Seaview Lane
Paradise Bay, Benavente Island
B3Y T3H
Dear Mr. Banks,
I am writing to follow up on the telephone messages I’ve left with your front desk staff over the past few weeks. I am a member of the mergers and acquisitions team at GlobalLux Inc., one of the world’s premier luxury hotel groups. GlobalLux is currently expanding our brand to include several high-end all-inclusive resorts. In an effort to expedite this expansion, we are seeking to purchase properties that are well-run and well-reviewed, such as Paradise Bay. Your property is of particular interest to our team, as it is the largest ocean-front property on the Benavente Islands.
GlobalLux is willing to consider either a straight purchase of Paradise Bay, or—what may be a more attractive option to you, depending on your goals—a partnership, where GlobalLux would underwrite your current operation, leaving you in place as the owner/operator but with the capital and purchasing power of an international organization required to stay competitive. As your property is currently carrying a substantial loan, it’s in your best interest (and that of your staff) to consider this opportunity.
The days of privately owned, one-off resorts such as yours are coming to an end. Conglomerates like GlobalLux have the advantage of bulk purchasing from all vendors, which greatly reduces operating costs. We also enjoy robust promotional budgets, thereby attracting a much larger clientele for whom we are able to provide a comparable guest experience at a much lower cost.
The next steps would be to arrange a call so that I can better explain our intentions and see if we can come to an agreement in principle, which would allow us to move forward with what will certainly be a lucrative opportunity for you.
Please email me at [email protected] or phone me at your earliest convenience to discuss this further.
Best Regards,
Libby Dewitt
***
Email from Libby Dewitt to Harrison Banks
Date: August 10th, 2018
Dear Mr. Banks,
I sent you a letter a week ago on behalf of my employer, GlobalLux. As I have yet to hear from you, I wanted to make sure that you received my correspondence.
I have gone ahead and booked a stay at your resort for my honeymoon (September 23rd - October 14th) so we can meet in person to discuss the offer. If you have any questions, please email or phone.
Warmest Regards,
Libby Dewitt
***
Email from Libby Dewitt to Harrison Banks
Date: September 5th, 2018
Dear Mr. Banks,
Hopefully my previous email didn’t end up in your spam folder. As I will be travelling to Santa Valentina Island in a little over two weeks’ time, I am hoping we can connect straight away to set up a time to meet between September 23rd and October 14th.
Regards,
Libby
***
September 17th, 2018
From: Mary M. McNally
Benavente Credit Union
62 Main Street
San Felipe, Santa Valentina Island
B3A P2N
Phone: 248-355-2535
To: Harrison Banks
Owner/Proprietor of Paradise Bay All-Inclusive Resort
1 Seaview Lane
Paradise Bay, Santa Valentina Island
B3Y T3H
RE: Loan Number 5493-07842-012
Dear Mr. Banks,
According to our records, payment on the above referenced loan account is now 60 days in arrears. Recent attempts to reach you by mail and phone have been unsuccessful.
This is the final notice for the entire past due amount, including accrued late charges. The payment is to be received in our office within 7 days. If you are unable to meet these payment terms, you are required to call me to discuss other collection options.
Failure to make payment or respond to this letter within the aforementioned timeframe will force Benavente Credit Union to begin bankruptcy proceedings.
Regards,
Mary McNally