AMTD Idea Group announced that its subsidiary, The Generation Essentials Group $(TGE)$, has entered exclusive negotiations to acquire a hotel in New York City. The hotel features at least 150 rooms, over 5,000 square feet of retail space for F&B operations, a rooftop area, and amenities such as a fitness centre and business centre. TGE is working towards a definitive purchase agreement with a target closing date by the end of 2025.
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