MTD Completes Acquisition of 50% Interest in The Ritz-Carlton, Perth

In Brief: TGE, a subsidiary of AMTD Digital Inc., has completed the acquisition of a 50% interest in The Ritz-Carlton, Perth, Australia, for a total consideration of US$72 million (A$100 million), with the property valued at US$201 million (A$280 million).

Ritz-Carlton, Perth – Image Credit AMTD

TGE, a subsidiary of AMTD Digital Inc., has finalized the acquisition of a 50% interest in The Ritz-Carlton, Perth, for US$72 million (A$100 million). The transaction values the property at US$201 million (A$280 million).

The Ritz-Carlton, Perth is located in the Elizabeth Quay development on Perth’s waterfront, adjacent to the Swan River. The hotel comprises 205 rooms, a restaurant, lounges, a bar, a spa, an infinity pool, a fitness centre, and event spaces. The property is the 100th Ritz-Carlton hotel globally.

Following the acquisition, AMTD’s hospitality portfolio now totals nearly 1,000 rooms. The company stated that this acquisition further strengthens its presence in Australia.