TGE, a subsidiary of AMTD Digital, entered into a sale‑purchase agreement on December 8 2025 to acquire a 50% stake in the Ritz‑Carlton Hotel Perth for A$100 million (US$66.4 million). The deal will be completed by purchasing the sale shares and assuming the loan from FEC Holdings and FEC Hotel.
The acquisition gives TGE a foothold in the Australian luxury hospitality market and adds a 205‑room, five‑star property on the Elizabeth Quay waterfront to its portfolio. The Ritz‑Carlton Perth is the brand’s 100th property worldwide, underscoring the strategic value of the asset.
The transaction aligns with TGE’s global expansion strategy, which already includes hotels in Hong Kong, Singapore, London, New York, and Malaysia. By integrating the property into its SpiderNet ecosystem, TGE aims to combine media, entertainment, and hospitality services, creating cross‑channel experiences for guests.
The deal is structured with a payment schedule of six installments through the end of 2027, allowing TGE to manage cash flow while gradually increasing its ownership stake. The assumption of the FEC loan also positions TGE to benefit from the hotel’s existing financing structure.
AMTD Digital has faced declining revenue and earnings growth in recent quarters, and its low price‑to‑book ratio highlights valuation concerns. The acquisition, however, signals confidence in the long‑term resilience of the luxury hotel sector and provides a platform for future growth in Asia and Australia.
Management emphasized that the purchase will strengthen TGE’s premium portfolio and support the SpiderNet vision of delivering integrated digital and hospitality experiences. The move is expected to enhance revenue diversification and create synergies across TGE’s global operations.
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.