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TGE Pursues the Acquisition of the 100th Ritz Carlton Hotel Globally
Prnewswire· 2025-11-10 14:25
Core Viewpoint - The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., has entered into an agreement to acquire the Ritz Carlton Hotel in Perth, marking the 100th Ritz Carlton Hotel globally. The deal is subject to customary closing conditions [1][3]. Group 1: Acquisition Details - The Ritz Carlton Hotel in Perth features 209 luxury rooms, a restaurant and lounge, a bar, a spa complex, an infinity pool, a fitness center, and event rooms, offering views of the Swan River and Kings Park [2]. - This acquisition is part of TGE's strategy to expand its presence in the global hospitality sector [3]. Group 2: Company Background - AMTD Group operates across various sectors, including media and entertainment, education and training, and premium assets and hospitality [4]. - AMTD IDEA Group serves as a diversified institution and digital solutions provider, connecting companies and investors with global markets [5]. - AMTD Digital Inc. is a comprehensive digital solutions platform with key business lines in digital media, content and marketing services, investments, and hospitality [6]. - The Generation Essentials Group focuses on global strategies in multimedia, entertainment, cultural affairs, and hospitality services [7].