AMTD Acquires 50% Stake in The Ritz-Carlton Perth, Boosting Australia’s Luxury Tourism Market
AMTD has completed the acquisition of a 50% interest in The Ritz-Carlton, Perth for US$72 million, equivalent to A$100 million, expanding its luxury hospitality portfolio and strengthening its presence in Australia’s tourism market. The transaction values the waterfront hotel at approximately US$201 million, or A$280 million. Completed through The Generation Essentials Group, a subsidiary of […]