TGE Partners to Acquire Its 100th Ritz Carlton Hotel in Perth

In a significant move within the global hospitality landscape, TGE announced on November 10, 2025, its plans to acquire the Ritz Carlton Hotel situated in Perth, Australia. This acquisition marks a major milestone for TGE as it becomes the company’s 100th Ritz Carlton property worldwide.

Details of the Acquisition

The agreement was made alongside AMTD Group and AMTD IDEA Group, showcasing a collaborative effort between these prominent institutions in the hospitality sector. The closing of this deal is contingent upon standard closing conditions, signaling TGE's commitment to expanding its reach in the luxury hotel industry.

Located at Elizabeth Quay, this newly acquired Ritz Carlton features 209 opulent rooms, a full-service restaurant, bar, spa, and fitness center. Additionally, guests will enjoy breathtaking views of the Swan River and Kings Park, enhancing the experience of Perth's unique cultural and historical backdrop. The hotel’s design emphasizes local artistry while also providing top-notch amenities, thereby connecting visitors with the richness of Perth's lifestyle.

Strategic Expansion

The acquisition aligns with TGE's strategic initiative to bolster its position in the global hospitality market. As travel recovers following the pandemic, TGE is actively pursuing opportunities to enhance its hotel portfolio. The integration of this Ritz Carlton into their existing collection is a testament to their vigorous growth strategy within the upper echelons of the hospitality industry.

About the Partners

AMTD Group

AMTD Group is a diversified conglomerate engaging in various sectors, including media, entertainment, and hospitality. Its extensive portfolio facilitates expansive growth opportunities across its investments.

AMTD IDEA Group

AMTD IDEA Group acts as a digital solutions provider, connecting companies and investors to the global marketplace. Their insights into market demands ensure that TGE remains at the forefront of hospitality innovations.

AMTD Digital Inc.

As a subsidiary of AMTD Group, AMTD Digital offers comprehensive digital solutions. It operates key services that include digital media, marketing, and hospitality services, aimed at amplifying the client experience across various sectors.

Future Plans

Following this acquisition, TGE is poised to explore additional opportunities in the hospitality sector, potentially expanding its portfolio to include more globally recognized brands. This strategic acquisition not only enhances TGE's credentials but sets the stage for future growth and innovation.

As the hospitality landscape evolves, TGE remains committed to delivering premium experiences while embracing local cultures across all its properties. The acquisition of the Ritz Carlton in Perth is just the beginning of what TGE envisions for its future in the global hotel industry.

Conclusion

With clear plans for development and an eye on hospitality excellence, TGE's acquisition of the 100th Ritz Carlton Hotel underscores its dedication to enriching the travel experience. As TGE continues to forge expanded relationships within the industry, guests can expect unparalleled luxury and service that defines the Ritz Carlton brand, now with a unique touch that reflects the spirit of Perth.