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Bidding for the Legacy Hotel

Bodily, Samuel E.

Case

Bidding for the Legacy Hotel

Bodily, Samuel E.

QA-0696 | Published November 29, 2007 | 3 pages Case

Collection: Darden School of Business

Product Details

The task is to prepare a sealed bid against one opponent for a hotel that has an appraised value and a specific, higher value for a company. There is data about the ratio of bids of the other bidder to the appraised value in similar sealed bids. Students will learn to give up many unfounded notions of how to bid and to develop a strategic approach to finding the best bid.

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