The Generation Essentials Group to acquire a 50% stake of The Ritz-Carlton Hotel in Perth from FEC for $66.4m.

The Generation Essentials Group, a global media and entertainment company, agreed to acquire a 50% stake of The Ritz-Carlton Hotel in Perth from FEC, a property development company that offers hotel, parking and facility management, for $66.4m. The acquisition of The Ritz-Carlton in Perth represents a significant milestone in TGE's strategic expansion within the hospitality sector. This transaction reinforces TGE's dedication to enhancing its global footprint with premium properties in key markets around the world.