Ritz-Carlton Signs On To $323M Australian Hotel-Condo

Law360, New York (March 26, 2014, 6:56 PM EDT) -- In a major return to Australia, The Ritz-Carlton Hotel Co. LLC has inked a deal that will bring its flag to the hotel portion of a proposed AU$350 million ($323 million) apartment and hotel complex, according to a Wednesday announcement by local officials.

Ritz-Carlton has struck an agreement with Hong Kong-based developer Far East Consortium International Ltd. to develop a 204-room luxury hotel in Perth, Australia, which will be paired with a residential tower that will also be built by Far East Consortium. The project proposal...
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