TGE acquires Hilton Garden Inn hotel in Tribeca, New York City for US$69 million

The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., together with AMTD Group entities, completed the acquisition of the Hilton Garden Inn hotel in New York City’s Tribeca neighborhood for US$69 million. The property, located at 39 6th Avenue, has been rebranded as the AMTD IDEA Tribeca Hotel, with plans to convert it into the world's first Art Newspaper House. This acquisition expands TGE's premium hospitality portfolio and aligns with its strategy of integrating hospitality assets with its media properties.

Counterparts (2)

Seller

H

Hilton Garden Inn

company

Hilton Garden Inn is a global upscale, focused-service hotel brand, part of Hilton Worldwide, operating nearly 1,000 properties across more than 55 countries and territories. It focuses on providing modern amenities and comfortable stays for business and leisure travelers, contributing to social infrastructure development.

Partner

AMTD Group

company

Hong Kong-headquartered diversified financial services group with global operations, primarily focused on investment banking, asset management, and digital solutions. Manages billions in assets and invests across Asia, North America, and Europe, with a strategic interest in digital infrastructure.