Business
AMTD Digital's Subsidiary TGE Announces Successful Completion of Acquisition of the New York Tribeca Hotel at US$69 Million
AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce the successful completion of TGE's acquisition of the Hilton Garden Inn Hotel in New York City, Tribeca at US$69 Million.
About this update from The Generation Essentials Group
[{"type":"text","content":"PARIS, NEW YORK and LONDON, March 9, 2026 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., jointly announce the successful completion of TGE's acquisition of the Hilton Garden Inn Hotel in New York City, Tribeca at US$69 Million.","length":423,"tagName":"p"},{"type":"text","content":"Located at 39 6th Ave, New York, NY 10013, the property is now rebranded as AMTD IDEA Tribeca Hotel (https://www.instagram.com/amtdideatribecahotel). Future plan has been announced to convert the hotel to become the world's first Art Newspaper House.","length":254,"tagName":"p"},{"type":"text","content":"This hotel offers a refined neighborhood stay that unites modern comfort with effortless sophistication and exceptional local access, providing guests with a curated gateway to Tribeca's art, fashion, and culture.","length":217,"tagName":"p"},{"type":"text","content":"The completion is a strategic milestone for TGE's hospitality portfolio. The hotel's scale, prime location and retail potential align with TGE's commitment to premium assets and unlock opportunities for enhanced operations, cross–segment synergies and sustained long–term value creation.","length":299,"tagName":"p"},{"type":"text","content":"About AMTD Group","length":16,"tagName":"p"},{"type":"text","content":"AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.","length":168,"tagName":"p"},{"type":"text","content":"About AMTD IDEA Group","length":21,"tagName":"p"},{"type":"text","content":"AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please vi...