TGE Executes SPA for New York Tribeca Hotel Successfully

Rhea-AI Summary

AMTD Digital (NYSE:HKD) subsidiary The Generation Essentials Group (NYSE:TGE) executed a sale and purchase agreement to acquire the Hilton Garden Inn New York City Tribeca on Dec. 26, 2025.

The property at 39 6th Ave has 151 rooms and suites, a full fitness center, 5,000 square feet of retail space and subway access. TGE completed an irrevocable deposit and aims to close the acquisition within the next two months.

Positive

• Executed SPA to acquire 151-room Hilton Garden Inn Tribeca
• Irrevocable deposit completed toward closing within two months
• Property includes 5,000 square feet of retail space
• On-site full fitness center and direct subway access

Negative

• None.

News Market Reaction – TGE

-2.63%

4 alerts

-2.63% Session close to close

+2.1% Peak Tracked

$59.12M Market Cap

0.3x Rel. Volume

In the Dec 26 session, TGE declined 2.63%, reflecting a moderate negative market reaction. Argus tracked a peak move of +2.1% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PARIS and NEW YORK and LONDON, Dec. 26, 2025 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group ("TGE", NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., announce jointly that TGE has executed the sale and purchase agreement ("SPA") for the acquisition of the Hilton Garden Inn New York City Tribeca successfully.

The Hilton Garden Inn New York City Tribeca, located at 39 6th Ave, New York, NY 10013, features 151 spacious rooms and suites, along with a full fitness center, 5,000 square feet of retail space, and convenient subway access.

TGE has completed the irrevocable deposit, with the goal of closing the acquisition of this hotel within the next two months.

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; LSE: 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. Also, TGE is a special purpose acquisition company (SPAC) sponsor manager, with its first SPAC successfully raised and priced on December 18, 2025.

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, AMTD Digital and/or The Generation Essentials Group, 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/tge-executes-spa-for-new-york-tribeca-hotel-successfully-302649683.html

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

FAQ

What did TGE (NYSE:TGE) announce about the Hilton Garden Inn Tribeca on Dec 26, 2025?

TGE announced it executed a sale and purchase agreement to acquire the Hilton Garden Inn New York City Tribeca and completed an irrevocable deposit.

How many rooms does the Hilton Garden Inn New York City Tribeca have (acquired by HKD subsidiary)?

The property features 151 rooms and suites.

When does TGE expect to close the Tribeca hotel acquisition (NYSE:HKD involvement)?

TGE aims to close the acquisition within the next two months after the Dec. 26, 2025 SPA execution.

What key amenities and commercial space does the Tribeca hotel include in the HKD-related deal?

The hotel includes a full fitness center, convenient subway access, and 5,000 square feet of retail space.

Did TGE make any payment toward the Hilton Garden Inn Tribeca acquisition (related to HKD)?

Yes, TGE completed an irrevocable deposit as part of the transaction process.