The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., finalized a sales and purchase agreement to acquire 100 % of the Hilton Garden Inn New York City Tribeca on December 24, 2025. The 151‑room hotel sits on Avenue of the Americas in Tribeca and will add a significant footprint to TGE’s hospitality portfolio.
The acquisition is part of TGE’s aggressive expansion plan, which aims to add roughly 500 hotel rooms over the next six months. The deal follows three other acquisitions in 2025 that together exceeded $300 million in value, underscoring the group’s strategy to scale its presence in high‑growth markets.
AMTD Digital’s financials provide context for the transaction. The company reported revenue of $73.16 million in the latest quarter, a 3‑year growth rate of –3.6 %, and operating margins of 80.7 %. In the first half of 2025, revenue surged 1,085.9 % to $73.2 million, driven largely by the consolidation of TGE and the expansion of its hospitality and digital services.
Management highlighted that the Tribeca acquisition strengthens TGE’s core New York City market, where demand for business and high‑end leisure stays remains robust. CFO Xavier Zee noted that the hotel’s location and brand alignment fit well with TGE’s portfolio, offering opportunities for cross‑promotion with its media and entertainment segments.
While the deal’s purchase price was not disclosed, the transaction aligns with AMTD Digital’s broader strategy of integrating diverse verticals—digital media, content marketing, hospitality, and VIP services—to create a synergistic ecosystem. The move also positions TGE to leverage its existing operational expertise and scale advantages, potentially improving occupancy rates and revenue per available room.
The acquisition signals confidence in the U.S. hospitality market and reflects AMTD Digital’s intent to deepen its footprint in key urban centers. By adding the Tribeca property, TGE can capitalize on the city’s strong tourism and business travel demand, while also benefiting from the hotel’s established brand and operational efficiencies.
Overall, the deal represents a strategic milestone for TGE and AMTD Digital, reinforcing their commitment to growth through targeted acquisitions and cross‑segment synergies.
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