AMTD Digital's Subsidiary TGE Executed SPA Successfully to Acquire 50% in The Ritz Carlton Hotel Perth, Australia with a Total Value at A$280 Million

Rhea-AI Summary

TGE (NYSE:HKD), a subsidiary of AMTD Digital, executed a sale and purchase agreement to acquire a 50% stake in The Ritz-Carlton, Perth, Australia.

The title cites a total value of A$280 million, while the SPA body states an aggregate consideration of A$100 million (≈US$66.4m) for the acquisition of sale shares and assignment of the sale loan, subject to SPA terms and conditions.

The Ritz-Carlton, Perth is a 205-room five-star waterfront hotel on Elizabeth Quay and represents the 100th Ritz-Carlton property globally. TGE said the deal expands its global hospitality portfolio alongside existing properties in Hong Kong, Singapore, New York, London, Malaysia, and others.

Positive

• Acquisition of a 50% stake in a five-star waterfront hotel
• Deal adds a 205-room luxury property to TGE portfolio
• Transaction expands global footprint to include Perth and the 100th Ritz-Carlton

Negative

• Consideration details are inconsistent: title A$280M vs SPA A$100M
• Acquisition is subject to SPA terms and conditions, implying completion risk

Key Figures

Hotel portfolio value A$280 million Total value of Ritz-Carlton Perth transaction structure

Acquisition stake 50% Equity interest in The Ritz-Carlton, Perth being acquired

Cash consideration A$100 million Aggregate consideration for Sale Shares and Sale Loan

USD equivalent US$66.4 million Stated equivalent of A$100 million consideration

Ritz-Carlton room count 205 rooms and suites Guest rooms at The Ritz-Carlton, Perth

Ritz-Carlton milestone 100th Ritz-Carlton property Global Ritz-Carlton network milestone highlighted in article

Revenue growth 1,085.9% increase Half-year revenue growth noted in Oct 31, 2025 Form 6-K

Market Reality Check

$1.01 Last Close

Volume Volume 513,028 vs 20-day average 762,479 suggests interest remained below recent norms ahead of this news. low

Technical Shares at $1.55 were trading below the $1.90 200-day moving average before this acquisition update.

Peers on Argus

Peers showed mixed moves: APPS -1.57%, ALTS -7.74%, DJCO +5.73%, DSP +0.18%, RBBN +3.96%, indicating HKD’s weakness was more stock-specific than a broad sector trend.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 10	Hotel acquisition plan	Positive	-9.5%	Announced agreement to acquire Ritz-Carlton Perth as 100th Ritz-Carlton.
Nov 04	New hotel concept	Positive	-15.4%	Board approved strategic plan for The Art Newspaper Hotel rollout.
Nov 04	AI-healthcare expansion	Positive	-15.4%	Received We Doctor preferred shares to deepen AI-enabled healthcare presence.
Nov 04	Lock-up extension	Positive	-15.4%	Key stakeholders extended lock-up undertakings through November 2027.
Nov 03	Hotel portfolio growth	Positive	-18.6%	Outlined global hotel acquisitions aiming for >1,000 rooms and higher revenue.

Pattern Detected

Recent corporate and expansion headlines have repeatedly been followed by negative 24-hour price reactions.

Recent Company History

Over recent months, AMTD Digital and TGE have focused on expanding a hospitality platform and broader strategic initiatives. On Nov 3, 2025, TGE outlined plans for hotel acquisitions that could lift keys to 585 and potentially double segment revenue contribution, followed by news on lock-up extensions and AI-healthcare exposure. Prior Perth Ritz-Carlton and Art Newspaper Hotel updates also preceded share declines. Today’s executed SPA for a 50% Perth Ritz-Carlton stake continues this hotel-focused expansion narrative.

Market Pulse Summary

This announcement details TGE’s executed SPA to acquire a 50% stake in The Ritz-Carlton, Perth for A$100 million (about US$66.4 million), deepening AMTD Digital’s hospitality strategy. It follows earlier plans for broad hotel portfolio growth and prior disclosures of strong revenue expansion of 1,085.9% in a recent half-year period. Investors may focus on closing conditions, integration of the 205-room asset, and future reporting that links this and other hotel deals to segment revenue and profitability.

AI-generated analysis. Not financial advice.

PARIS and NEW YORK and LONDON, Dec. 8, 2025 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), and The Generation Essentials Group ("TGE" or the "Purchaser", NYSE: TGE), a subsidiary of AMTD Digital Inc. (NYSE: HKD), announce jointly that TGE has entered into the SPA with FEC Holdings and FEC Hotel (the "Vendors"), whereby the Vendors have agreed conditionally to sell, and the Purchaser has agreed conditionally to purchase a 50% stake in the Ritz Carlton Hotel in Perth Australia. 

The transaction will take place by way of acquisition of the Sale Shares and assignment of the Sale Loan, at an aggregate consideration of A$100 million (equivalent to approximately US$66.4million) subject to the terms and conditions of the SPA.

The acquisition of The Ritz-Carlton, Perth represents a significant milestone in TGE's strategic expansion within the hospitality sector. This transaction reinforces TGE's dedication to enhancing its global footprint with premium properties in key markets around the world.

With a portfolio that includes hotel properties in major cities worldwide—such as the iclub AMTD Sheung Wan Hotel in Hong Kong, Dao by Dorsett AMTD Singapore, as well as recently announced acquisitions in New York, London, and Malaysia —the addition of The Ritz-Carlton, Perth, further strengthens TGE's global hospitality offerings.

The Ritz-Carlton, Perth, marks the 100th Ritz-Carlton property globally. Strengthened by the globally recognised Ritz-Carlton brand, this acquisition aligns perfectly with TGE's vision of delivering exceptional hospitality experiences and VIP services around the globe.

INFORMATION OF THE TARGET GROUP AND HOTEL

The Target Group holds The Ritz-Carlton in Perth, a luxurious 5-star hotel as a whole building situated on the Elizabeth Quay waterfront. The hotel features 205 elegantly appointed guest rooms and suites, each with floor-to-ceiling windows that offer stunning views of the river, skyline, and urban parks.

The hotel provides sophisticated amenities, including a rooftop bar and a river-view infinity pool, while its culinary experiences showcase the finest local ingredients from Western Australia. The Ritz-Carlton Perth combines timeless luxury with a romantic setting, making it also an ideal venue for weddings and receptions.

Dr. Feridun Hamdullahpur, Chairman of the Board of Directors of TGE, stated, "With our successful execution of a SPA to acquire the 100th Ritz-Carlton worldwide, we, TGE, have now well planned to expand our hotel portfolio across major continents, including Australia, Hong Kong SAR, Singapore, Malaysia, London, and New York City. We invite you all to visit our TGE hotels under the AMTD Group globally. Be our guests!"

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news. 

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net 

For The Generation Essentials Group:
IR Office
The Generation Essentials Group 
EMAIL: tge@amtd.world 

View original content to download multimedia:https://www.prnewswire.com/news-releases/amtd-digitals-subsidiary-tge-executed-spa-successfully-to-acquire-50-in-the-ritz-carlton-hotel-perth-australia-with-a-total-value-at-a280-million-302635408.html

SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group

FAQ

What stake did TGE (HKD) agree to buy in The Ritz-Carlton Perth on December 8, 2025?

TGE agreed to acquire a 50% stake in The Ritz-Carlton, Perth.

How much is the consideration for TGE's acquisition of The Ritz-Carlton Perth (HKD)?

The SPA body states an aggregate consideration of A$100 million (≈US$66.4m), while the release title references A$280 million.

How many rooms does The Ritz-Carlton, Perth have and what class of hotel is it?

The hotel is a five-star property with 205 rooms and suites on Elizabeth Quay.

What significance does The Ritz-Carlton, Perth acquisition have for TGE (HKD)?

TGE says the deal strengthens its global hospitality portfolio and marks the 100th Ritz-Carlton worldwide.

Is the TGE acquisition of The Ritz-Carlton, Perth finalized?

No; the acquisition is subject to the terms and conditions of the SPA, indicating it is conditional.