Generation Essentials Group Acquires Four Hotel Assets from AMTD Digital

05:10 AM EST, 11/09/2026 (MT Newswires) -- Generation Essentials Group (TGE.L) acquired controlling interests in four hotel assets from parent company AMTD Digital for $209.8 million, including underlying debt. The assets comprise the AMTD IDEA Tribeca Hotel in New York, a 50% stake with veto rights in the Ritz-Carlton Perth, AMTD Dao By Dorsett Hornsey London, and an 80% stake in Upper Regalia Kuala Lumpur, the media, hospitality and entertainment services company said Monday. TGE settled the purchase price through the issuance of 198.6 million new Class A ordinary shares to AMTD Digital. Following the transaction, AMTD Digital holds 88.2% of TGE's issued share capital, representing 91.1% of its voting power.