AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group ("AMTD IDEA") (NYSE:AMTD, SGX: HKB)), AMTD Digital Inc. ("AMTD Digital") (NYSE: HKD) and The Generation Essentials Group ("TGE") (NYSE:TGE, LSE: TGE)), a subsidiary of AMTD Digital, jointly (together, the "Group" or "AMTD") announce AMTD is in negotiation as a final stage bidder in relation to the acquisition of a second hotel in New York City.

In March 2026, AMTD successfully acquired a hotel located at 39 6th Ave, New York, NY 10013, for a cash consideration of USD69 million, which has now been rebranded successfully  as the AMTD IDEA Tribeca Hotel.