AMTD Group, AMTD IDEA Group, AMTD Digital, and The Generation Essentials Group (TGE) announced the successful completion of TGE’s acquisition of a 50% interest in The Ritz-Carlton, Perth, Australia. The transaction was completed for a total consideration of US$72 million (A$100 million), with the hotel valued at US$201 million (A$280 million).
Located in Perth, Western Australia, The Ritz-Carlton, Perth serves as the centerpiece of the Elizabeth Quay waterfront development. Positioned along the Swan River, the luxury hotel offers views of the river, city skyline, and surrounding parklands, making it one of the city’s premier hospitality assets.
The property features 205 luxury guest rooms along with a restaurant and lounges, a bar, spa facilities, an infinity pool, fitness center, and event spaces. The hotel also holds special significance within the Ritz-Carlton brand as its 100th property globally.
AMTD noted that Australia remains an important market for the group. Founded in 2003 with involvement from the Commonwealth Bank of Australia, AMTD said the acquisition strengthens its long-standing presence in the country while expanding its portfolio of premium hospitality assets.
The transaction marks another milestone in TGE’s hospitality growth strategy. Following the completion of the acquisition, AMTD’s hospitality portfolio now encompasses nearly 1,000 rooms globally, reinforcing the group’s commitment to expanding its presence in the international hospitality sector.
AMTD Group operates a diversified portfolio spanning media and entertainment, education and training, and premium assets and hospitality. AMTD IDEA Group provides business services and digital solutions connecting companies and investors across global markets, while AMTD Digital operates a digital solutions platform focused on media, marketing, investments, hospitality, and VIP services. TGE manages a portfolio of media, entertainment, cultural, hospitality, and premium property assets worldwide.
