AMTD IDEA Eyes Third New York Hotel After US$69M Tribeca Deal
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.