Bidding for the Legacy Hotel

Case Solution

Samuel E Bodily
Darden School of Business ()

The task is to create a sealed offer against a counterparty for a hotel with an appraised value and a determined and higher value for a company. There is data on the relationship between the other bidder’s bids and the estimated value for similar sealed bids. Students learn to give up many unfounded ideas about bidding and develop a strategic approach to finding the best offer.

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