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Steve Schwarzman II: Hardball

Dealcraft: Insights from Great Negotiators

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High-Stakes Negotiation in Hospitality Investment

This chapter explores Blackstone's tumultuous investment in Hospitality Franchise Systems during the economic fallout post-Iraq's invasion of Kuwait. It highlights the critical negotiations in Hong Kong aimed at preserving vital franchise agreements amidst financial peril, emphasizing the challenges of high-stakes deal-making. By reflecting on past experiences, the chapter underscores the importance of understanding the broader context and motivations of negotiating counterparts to enhance strategic outcomes.

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