AMTD Digital subsidiary TGE's Hotels Portfolio Anticipated to Exceed 1,000 Rooms and double its Revenue

Rhea-AI Summary

AMTD Digital (NYSE:HKD) announced on Nov 3, 2025 that subsidiary The Generation Essentials Group (TGE) is pursuing multiple hotel acquisitions worldwide, including an exclusive negotiation for a New York City property.

The group expects its hotel portfolio to exceed 1,000 rooms within 12–15 months and says these developments may double the hotel segment's revenue contribution. Completion of announced and negotiated deals could raise the group's total keys to 585 as an intermediate milestone. Targets cover Europe, Southeast Asia, Australia and New Zealand.

Positive

• Target >1,000 rooms within 12–15 months
• Hotel revenue could double if targets are met
• Potential increase to 585 total keys upon completion of announced deals

Negative

• Acquisitions are described as under discussion/exclusive negotiation, not completed
• Projected revenue impact is stated as conditional ("may result"), not guaranteed

PARIS and NEW YORK and SINGAPORE, Nov. 3, 2025 /PRNewswire/ -- AMTD Group Inc. ("AMTD" or the "Group"),AMTD IDEA Group ("AMTD IDEA Group") (NYSE: AMTD; SGX: HKB) and The Generation Essentials Group ("TGE", NYSE: TGE), a subsidiary of AMTD Digital (NYSE: HKD), jointly announce that the Group has been in active discussion with the relevant parties for the potential acquisitions of various hotels across the world, including one located in the New York City which is currently under exclusive negotiation.

The Group expects to expand its hotel portfolio to exceed 1,000 rooms within the next 12 to 15 months.

In February this year, the Group announced that the establishment of the second Dao by Dorsett AMTD hotel globally - Dao by Dorsett AMTD Hornsey in London. The Group also announced that it is in exclusive negotiation stage with respect to the acquisition of a hotel in New York City. Upon completion, these developments could increase the Group's total number of keys to 585.

Meanwhile, the Group actively exploring multiple hotel acquisition opportunities across Europe, Southeast Asia, Australia and New Zealand. The Group is targeting to increase its hotel portfolio to over 1,000 rooms within the next 12-15 months, which may result in the doubling of its hotel segment's revenue contribution.

About AMTD Group

AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on X (formerly known as "Twitter") at @AMTDGroup.

About AMTD Digital Inc.

AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit https://ir.amtdigital.net/investor-news. 

About The Generation Essentials Group

The Generation Essentials Group (NYSE: TGE), jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group with the SEC. All information provided in this press release is as of the date of this press release, and none of AMTD IDEA Group, AMTD Digital and The Generation Essentials Group undertakes any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

For AMTD IDEA Group:
IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com 

For AMTD Digital Inc.:
IR Office
AMTD Digital Inc.
EMAIL: ir@amtdigital.net 

For The Generation Essentials Group:
IR Office
The Generation Essentials Group
EMAIL: tge@amtd.world

View original content:https://www.prnewswire.com/news-releases/amtd-digital-subsidiary-tges-hotels-portfolio-anticipated-to-exceed-1-000-rooms-and-double-its-revenue-302602525.html

SOURCE AMTD Digital; AMTD IDEA Group; The Generation Essentials Group

FAQ

What did AMTD Digital (HKD) announce about TGE's hotel expansion on Nov 3, 2025?

TGE is pursuing global hotel acquisitions, including an exclusive New York City negotiation, targeting to exceed 1,000 rooms within 12–15 months.

How could TGE's planned acquisitions affect AMTD Digital's hotel revenue (HKD)?

The company said the planned expansion may double the hotel segment's revenue contribution if completed.

What intermediate milestone did AMTD Digital cite for its hotel keys after announced deals?

Upon completion of announced and negotiated deals the group indicated its total keys could increase to 585.

Which regions is AMTD Digital (HKD) targeting for hotel acquisitions?

The group is exploring opportunities across Europe, Southeast Asia, Australia, New Zealand and a property in New York City.

What is the timeline for AMTD Digital (HKD) to reach over 1,000 hotel rooms?

The company is targeting a 12–15 month timeframe from the Nov 3, 2025 announcement.

Are the hotel acquisitions by TGE completed and guaranteed to deliver the stated revenue lift?

No; the announcement describes discussions and exclusive negotiations and states the revenue outcome may result from the expansion.