Paris, New York and LondonMay 30, 2026 /PRNewswire/ — AMTD Group Company Limited (“AMTD Group”), AMTD International (NYSE: AMTD; SGX: HKB), AMTD Digital (NYSE: HKD), and The Generation Essentials Group (“TGE”, NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital (collectively referred to as “AMTD”), jointly announced that TGE has successfully completed the acquisition of a 50% interest in The Ritz-Carlton, Perth, Australia, for a total consideration of USD 72 million (AUD 100 million). The hotel project is valued at USD 201 million (AUD 280 million).
The Ritz-Carlton, Perth is located in the vibrant city of Perth, Western Australia, and serves as a landmark centerpiece of the Elizabeth Quay development on the Perth waterfront. Situated adjacent to the Swan River, the hotel offers panoramic views of the river, the city skyline, and surrounding urban parks through floor-to-ceiling windows. Its uniquely scarce location also endows the property with strong long-term appreciation potential.
The hotel features 205 luxurious guest rooms, along with a restaurant, a casual lounge, a bar, a spa, an infinity pool, a fitness center, and versatile event spaces. As the 100th hotel in the Ritz-Carlton brand globally, the property holds significant symbolic importance within the brand’s portfolio.
The Australian market holds special strategic significance for AMTD. Founded in 2003, AMTD Group received initial support from the Commonwealth Bank of Australia. Leveraging this historical connection, AMTD is pleased to further deepen its presence in the Australian market through this landmark acquisition.
The successful completion of this transaction marks another important strategic milestone in the expansion of TGE’s hotel business. Upon completion, the total number of hotel rooms under AMTD’s portfolio approaches nearly 1,000, further solidifying its global hospitality footprint and underscoring the Group’s long-term commitment to this sector.
About AMTD Group
AMTD Group is a comprehensive enterprise group with core business operations spanning media and entertainment, education and training, premium assets, and hospitality.
About AMTD International
AMTD International (NYSE: AMTD; SGX: HKB) is a diversified institutional and digital solutions conglomerate that bridges enterprises and investors with global markets. Its integrated one-stop business and digital solutions platform caters to the diverse and interconnected business and digital needs of clients at various stages of their lifecycle. Leveraging its unique advantages, AMTD International actively fosters collaboration among clients, business partners, portfolio companies, and investors, facilitating the exchange of resources between East and West. For more information, please visit the official website at www.amtdinc.com or follow @AMTDGroup on X (formerly “Twitter”).
About AMTD Digital
AMTD Digital (NYSE: HKD) is a France-headquartered comprehensive digital solutions platform, offering a one-stop platform covering key business segments including digital media, content and marketing, investment, and hospitality and VIP services. For AMTD Digital announcements, please visit https://ir.amtdigital.net/investor-news.
About The Generation Essentials Group
The Generation Essentials Group (NYSE: TGE; LSE: TGE) was co-founded by AMTD Group, AMTD International (NYSE: AMTD; SGX: HKB), and AMTD Digital (NYSE: HKD). Headquartered in France, TGE operates with a global vision, focusing on multimedia, entertainment and culture, and hospitality and VIP services. Its portfolio includes internationally renowned media brands such as L’Officiel and The Art Newspaper, as well as film and entertainment projects, forming a diversified business matrix spanning media, entertainment, and hospitality. Additionally, TGE serves as a sponsor for Special Purpose Acquisition Companies (SPACs), with its first SPAC successfully completing pricing and listing on December 18, 2025.
Safe Harbor Statement
Certain statements in this press release constitute forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by words such as “will,” “expect,” “anticipate,” “aim,” “future,” “intend,” “plan,” “believe,” “estimate,” “may,” and similar expressions. Statements that are not historical facts, including statements about the views, plans, and expectations of AMTD International, AMTD Digital, and/or The Generation Essentials Group, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. For more information on these and other risks, please refer to the filings of the aforementioned companies with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release. Except as required by applicable law, AMTD International, AMTD Digital, and The Generation Essentials Group undertake no obligation to update any forward-looking statements.
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