TGE enters into an agreement to acquire Ritz Carlton Hotel in Perth

AMTD Group, AMTD IDEA Group (AMTD), AMTD Digital (HKD) and The Generation Essentials Group (TGE), a subsidiary of AMTD Digital, jointly announce that TGE has entered into an agreement with the seller to acquire the Ritz Carlton Hotel, located in Perth, the capital city of Western Australia, which is the 100th Ritz Carlton Hotel in the globe. Closing of the deal is subject to customary closing conditions. This riverfront Ritz Carlton Hotel comprises 209 luxury rooms, a restaurant and lounge, a bar, a spa complex, an infinity pool, a fitness centre and event rooms. It offers stunning views of the Swan River and Kings Park, providing guests with a contemporary interpretation of local culture, history, and cuisine, and connecting them to Perth’s rich lifestyle.