TGE Completes Acquisition of Hilton Garden Inn Hotel in Tribeca for $69 Million

AMTD Digital's subsidiary TGE has completed the acquisition of the New York Tribeca Hotel for $69 million. The property has been rebranded as AMTD IDEA Tribeca Hotel and plans to convert it into the world's first Art Newspaper House. The hotel offers modern comfort and local access to Tribeca's art, fashion, and culture. This acquisition is a strategic milestone for TGE's hospitality portfolio, unlocking opportunities for enhanced operations and long-term value creation.