TGE, a joint venture of AMTD Group, AMTD IDEA Group and AMTD Digital Inc., announced on December 8 2025 that it has entered into a share purchase agreement to acquire a 50 % stake in The Ritz‑Carlton Perth for A$100 million (US$66.4 million). The deal involves the purchase of shares and the assignment of the sale loan from FEC Holdings and FEC Hotel, with consideration to be paid in installments through the end of 2027, indicating the transaction is still in progress.
The Ritz‑Carlton Perth is a 5‑star property on Elizabeth Quay, featuring 205 rooms, a rooftop bar and an infinity pool. The acquisition marks the 100th Ritz‑Carlton property worldwide, a milestone highlighted in the announcement.
For TGE, the purchase expands its global hospitality portfolio, adding a premium Australian asset that complements existing holdings in Hong Kong, Singapore, London and New York. The 50 % stake is expected to generate steady cash flow from hotel operations and strengthen TGE’s positioning in the Australian market, supporting its broader media, entertainment and digital initiatives.
The deal comes as AMTD IDEA Group reports significant financial headwinds, with revenue falling 45.38 % in 2024 and earnings declining 64.31 % year‑over‑year. The acquisition represents a strategic move to diversify revenue streams and offset declining core business performance, but the company’s overall financial health remains a concern for investors.
The transaction aligns with FEC Holdings’ strategy to divest non‑core hotel assets and unlock development profits. For the hospitality sector, the deal reinforces the Ritz‑Carlton brand’s presence in Australia and signals confidence in the Australian luxury hotel market amid a broader global recovery.
The acquisition is a material event that could reshape TGE’s portfolio and provide a new revenue source, but investors should weigh the financial challenges facing AMTD IDEA Group.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.