PARIS – November 04, 2026 -- AMTD IDEA Group (NYSE: AMTD; SGX: HKB) is in advanced dialogue to acquire a third hotel in New York City, extending a hotel buying spree that began with a US$69 million purchase earlier this year.
AMTD IDEA closed the Tribeca Hilton Garden Inn purchase on March 4, 2026
The company acquired the Hilton Garden Inn in Tribeca for US$69 million. Completion of that transaction took place on March 4, 2026.
A second New York hotel deal remains in final negotiations
AMTD IDEA subsequently said it was in the final stage of acquiring a second New York hotel. That transaction remains subject to final negotiations and to approvals from both buyer and seller. The company has not disclosed the property or a price.
Third-hotel talks proceed regardless of the second deal's outcome
AMTD IDEA said it is negotiating the third acquisition at an advanced stage, notwithstanding how the second hotel deal turns out. The company disclosed no price, property name or timeline for the third asset.
AMTD IDEA cautioned that there is no certainty the contemplated transaction will proceed. Completion depends on final negotiations, approvals from both seller and buyer, and customary closing conditions.