Content Writer: Janice Chew • Tuesday, 25/12/2025 - 19:09:36 - PM
Far East Consortium (FEC) has agreed to a partial divestment of its flagship Ritz-Carlton Perth asset, selling a 49% share to Hong Kong–based AMTD Group for AU$66 million. The transaction values the luxury waterfront hotel—located in Perth’s Elizabeth Quay precinct—at roughly AU$135 million. Independent reporting from The Australian Financial Review (AFR) and The West Australian confirms the deal structure and notes that FEC will retain majority ownership and ongoing management influence, ensuring continuity in the property’s long-term development strategy.
Analysts describe the sale as part of FEC’s broader capital-recycling programme across Australia. Over the past two years, the developer has been selectively selling non-controlling stakes in mature hospitality assets to unlock liquidity for upcoming projects, including its large-scale developments in Melbourne’s West Side Place and Queen’s Wharf Brisbane. Research commentary from JLL Hotels & Hospitality highlights that Asian investors like AMTD remain highly interested in Australia’s premium hotel sector due to stable yields and strong post-pandemic tourism recovery.
For AMTD Group, the acquisition marks another step in expanding its global real-estate and hospitality portfolio. South China Morning Post and Nikkei Asia have previously profiled AMTD’s diversification strategy, which includes investments in lifestyle brands, financial services, and property assets in gateway cities. The firm views Australia as a strategic market, and entry into a five-star Ritz-Carlton aligns with its push toward luxury-branded, institution-grade holdings.
The Ritz-Carlton Perth itself continues to perform strongly. Tourism data from Tourism Western Australia and reporting by PerthNow show that occupancy levels and average daily rates (ADR) at high-end Perth hotels have rebounded sharply in 2024–2025, helped by increasing international arrivals, robust domestic events, and strong MICE demand. Analysts believe the stabilised operations of the property made it well-timed for FEC to partially monetise its investment without compromising future upside.
With the deal now agreed, both companies emphasise that the partnership strengthens the hotel’s long-term positioning. Industry observers suggest that FEC’s retained majority stake paired with AMTD’s fresh capital provides a balanced structure: FEC secures funding flexibility for its Australian pipeline, while AMTD gains immediate exposure to a top-tier hospitality asset. Market watchers expect more transactions of similar structure in Australia’s hotel sector as developers rebalance portfolios and international investors re-enter aggressively.