AI Summary
Sign in to listen

FEC disposes of 50% stake in The Ritz-Carlton Perth

Far East Consortium says sale is aligned with its capital management and hotel monetisation strategy.

3 min read
FEC disposes of 50% stake in The Ritz-Carlton Perth
Key Points
FEC sells 50% stake in The Ritz-Carlton Perth to The Generation Essentials Group for AU$100m (US$65m)
Group expects an estimated gain of AU$32.5m (US$21m)
Proceeds will support gearing reduction and capital deployment into residential development pipeline

Far East Consortium International Limited (FEC) has agreed to dispose of its 50% shareholding in Perth FEC Pty Ltd and RC Perth Operations Pty Ltd, the owners and operators of The Ritz-Carlton, Perth.

The agreement, executed on 8 December 2025, sees FEC sell its interest to New York-listed The Generation Essentials Group for a net consideration of AU$100m (US$65m).

According to FEC, the transaction is structured on a net debt basis and will allow the Group to recognise an estimated gain of AU$32.5m (US$21m) upon completion. The disposal forms part of the Group's programme to monetise selected hotel assets while strengthening balance sheet efficiency.

As of 30 September 2025, FEC owned and operated 38 hotels representing approximately 9,700 keys across Hong Kong, Chinese Mainland, the United Kingdom, Australia, Singapore, Malaysia, Germany, Austria and the Czech Republic. A further four hotels are under development, which will increase the total portfolio to 42 hotels and approximately 10,600 rooms once complete.

FEC emphasised that the sale reinforces its asset-monetisation strategy and supports long-term capital management objectives. Over the past two to three years, the Group reduced more than HK$8.3bn (US$1.06bn) in bank borrowings, loans and notes through selective disposals, reducing its gearing ratio by 10 percentage points.

Executive Director and Joint Managing Director Wendy Chiu said the Perth disposal enhances the Group's ability to fund its existing development projects. Net proceeds will support capital deployment into the Group's HK$61.8 bn global residential development pipeline and core operating businesses.

FEC reiterated that it will continue identifying opportunities to monetise non-core assets while maintaining disciplined liability management and portfolio stability.

Good to know

The Ritz-Carlton Perth is located at 1 Barrack Street, Perth, and forms part of FEC's broader hotel portfolio across Hong Kong, the Chinese Mainland, Europe and Southeast Asia

Reaction Board

Set Global Gaming Insider to be your preferred search result

In The News

View all
Ontario generates all-time high monthly handle with CAD$9.6bn during March
[SIGNIFICANT IMPORTANCE]

Ontario generates all-time high monthly handle with CAD$9.6bn during March

The figure (US$7bn) equates to an increase of 20.6% year-over-year, while the province’s total non-adjusted gross gaming revenue grew 30.7% to $387m during the monthly period.

· Financial + 5