AMTD Digital Subsidiary TGE Enters Exclusive Talks to Acquire New York Hotel
Reuters
Nov 03
AMTD Digital Subsidiary TGE Enters Exclusive Talks to Acquire New York Hotel
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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