Far East Consortium International Limited has completed its previously announced transaction involving The Ritz-Carlton Perth in Australia, according to a filing to the Hong Kong Stock Exchange.
The Hong Kong-listed property and hospitality group said the transaction was completed on May 29th, 2026. The filing follows FEC’s December 8th announcement, in which the company said it had entered into a sale-and-purchase agreement to divest a 50 percent interest in the hotel for AU$100 million ($71.9 million).
The buyer is The Generation Essentials Group, a New York-listed company that forms part of AMTD Group’s broader media, entertainment and hospitality ecosystem. The transaction covers 50 percent of the hotel’s holding entities and corresponding shareholder loans.
Under the earlier agreement, payment was structured through staged installments, including an initial AU$20 million ($14.4 million) already received by FEC, a second AU$40 million ($28.8 million) installment due by late December, and a further AU$40 million ($28.8 million) to be settled through deferred payments in 2026 and 2027.
FEC previously said the deal was in line with its strategy to unlock value from its hotel portfolio, recycle capital and reduce gearing. The company expected to record a gain of approximately AU$32.5 million ($23.4 million) from the sale, with net proceeds intended for general working capital.
The Ritz-Carlton Perth opened in 2019 and is located in the Elizabeth Quay precinct.
