TGE Executes SPA for New York Tribeca Hotel Successfully

Core Viewpoint - The Generation Essentials Group (TGE), a subsidiary of AMTD Digital Inc., has successfully executed a sale and purchase agreement for the acquisition of the Hilton Garden Inn New York City Tribeca, with plans to close the acquisition within the next two months [1][2]. Group 1: Acquisition Details - The Hilton Garden Inn New York City Tribeca is located at 39 6th Ave, New York, NY 10013, featuring 151 rooms and suites, a full fitness center, and 5,000 square feet of retail space [2]. - TGE has completed the irrevocable deposit for the acquisition, indicating a commitment to finalize the deal soon [2]. Group 2: Company Background - AMTD Group is a conglomerate with a diverse business portfolio that includes media and entertainment, education and training, and hospitality sectors [3]. - AMTD IDEA Group serves as a diversified institution and digital solutions provider, connecting companies and investors with global markets [4]. - AMTD Digital Inc. operates a comprehensive digital solutions platform, focusing on digital media, content, marketing services, and hospitality [5]. - The Generation Essentials Group focuses on global strategies in multimedia, entertainment, and hospitality, and is also a special purpose acquisition company (SPAC) sponsor manager [6].