TGE, a joint venture of AMTD Group, AMTD IDEA Group and AMTD Digital Inc., signed a sales‑and‑purchase agreement on December 24 2025 to acquire 100 % ownership of the Hilton Garden Inn New York City Tribeca. The 151‑room hotel sits in Lower Manhattan’s Tribeca district and includes more than 5,000 sq ft of retail space, a rooftop terrace, a fitness center and a business center.
The acquisition is part of a broader $300 million‑plus portfolio of hotel purchases announced by TGE in 2025, which also includes an 80 % stake in the Upper View Regalia Hotel in Kuala Lumpur and a 50 % stake in the Ritz‑Carlton Hotel in Perth. The new property is expected to add roughly 500 rooms to TGE’s inventory over the next six months, reinforcing its presence in key U.S. markets and supporting the company’s goal of scaling its hospitality segment rapidly.
AMTD Digital’s half‑year results, covering the period ended April 30 2025, showed a 1,085.9 % jump in total revenue to $73.2 million, largely driven by the consolidation of TGE and growth in media, entertainment and hospitality services. The surge in revenue underscores the financial momentum behind the hotel expansion and signals confidence in the recovery of the travel and leisure sector.
Strategically, the deal illustrates AMTD Digital’s diversification beyond its core digital media and financial services. By leveraging its SpiderNet ecosystem—an integrated platform that connects entrepreneurs and corporations—TGE aims to achieve operational efficiencies across its hotel portfolio. The acquisition also dovetails with TGE’s recent SPAC activity, including the listing of TGE Value Creative Solutions Corp on the NYSE, positioning the company to pursue further acquisitions in media, entertainment, fashion and lifestyle.
While no market reaction data is available yet, the announcement signals a clear shift in AMTD Digital’s business model toward high‑end hospitality and indicates management’s confidence in the long‑term growth prospects of the sector.
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