AMTD's TGE in Negotiations to Acquire a second New York Hotel
PR Newswire•05/10/2026•08:40 ET
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Key Highlights
- ➤TGE is final-stage bidder for a second New York City hotel
- ➤Targeted property is strategically located in the Times Square area
- ➤Closing targeted before end-2026, but transaction is not guaranteed
- ➤First New York hotel acquired for USD69 million in March 2026
- ➤Portfolio currently spans six properties and 919 rooms globally
- ➤Second New York acquisition would expand portfolio beyond 1,000 rooms
AMTD's TGE in Negotiations to Acquire a second New York Hotel PR Newswire
PARIS, NEW YORK and LONDON, Oct. 5, 2026 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group ("AMTD IDEA") (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. ("AMTD Digital") (NYSE: HKD) and The Generation Essentials Group ("TGE") (NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital, jointly (together, the "Group" or "AMTD") announce AMTD is in negotiation as a final stage bidder in relation to the acquisition of a second hotel in New York City.
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