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AMTD to acquire second hotel in New York City

PRIVATEOct 05, 2026

Acquiring Company

AMTD International

Acquired Company

The Generation Essentials Group

AssamOther

Description

AMTD Group is in the final negotiation stage to acquire a second hotel in New York City. This follows their previous successful acquisition of a hotel for USD69 million. The acquisition aims to further expand AMTD's global hotel portfolio beyond 1,000 rooms. AMTD views this expansion as a key strategic move.

Company Information

Company

AMTD International

About

AMTD International Inc. (NYSE: HKIB; SGX: HKB) is a premier Hong Kong-headquartered financial institution group connecting companies and investors from Asia, including China and Hong Kong as well as the ASEAN markets with global capital markets. Its comprehensive one-stop financial service solutions strategy addresses different clients’ diverse and inter-connected financial needs across all phases of their life cycles. Leveraging its deep roots in Asia and its unique eco-system — the “AMTD SpiderNet” — the Company is uniquely positioned as an active super-connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on Twitter at “@AMTDGroup.” For the Company’s announcements, please visit http://ir.amtdinc.com/News.

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Frequently asked

Who acquired The Generation Essentials Group?

The Generation Essentials Group was acquired by AMTD International. The deal was reported on October 5, 2026. AMTD International Inc. AMTD International is privately held and operates in Other.

When did AMTD International acquire The Generation Essentials Group?

AMTD International's acquisition of The Generation Essentials Group was reported on October 5, 2026. AMTD Group is in the final negotiation stage to acquire a second hotel in New York City. This follows their previous successful acquisition of a hotel for USD69 million. The acquisition aims to further expand AMTD's global hotel portfolio beyond 1,000 rooms. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does The Generation Essentials Group do?

The Generation Essentials Group is a company targeted for acquisition. Specific details regarding its operations and services are not provided in the text. Its integration into Black Spade Acquisition II Co is part of a merger effort. It is privately held, and is based in Assam.

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