Overview
- Completion remains subject to customary closing conditions, with both parties expecting to finalize after requirements are met.
- The seller has not been identified and no purchase price or other financial terms have been disclosed.
- The riverfront hotel sits at Elizabeth Quay, opened in 2019, and offers roughly 205 to 209 rooms with dining, spa, fitness, infinity pool, and event spaces.
- The Perth property operates under Marriott’s Ritz-Carlton brand and is recognized as the 100th Ritz-Carlton worldwide.
- AMTD says it is pursuing additional acquisitions, including a New York property under exclusive negotiation, and TGE has approved The Art Newspaper Hotel with a first opening targeted for 2026 or 2027.