AMTD IDEA in advanced dialogue to attempt to acquire a third hotel in New York City

PR NewswireNov 4, 2026 7:20 PM

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PARIS and NEW YORK and SINGAPORE, Nov. 5, 2026 /PRNewswire/ -- AMTD IDEA Group ("AMTD IDEA") (NYSE: AMTD; SGX: HKB) announces that AMTD IDEA Group is in advanced dialogue to acquire a third hotel in New York City.

AMTD IDEA earlier this year acquired the Hilton garden inn hotel in Tribeca for US$69 million with a completion of the transaction on March 4, 2026.

Subsequently, AMTD IDEA announced that it has been in final stage of process to acquire a 2nd hotel in New York ("2nd NY hotel"), subject to final negotiations and approvals by both the buyer and seller end.

Notwithstanding the outcome of the 2nd NY hotel, AMTD IDEA is in an advanced stage of negotiation to acquire another hotel in New York City. There is no certainty that this contemplated transaction will go through and its completion is subject to final negotiations and approvals by both the seller and the buyer, as well as customary conditions for closing.

About AMTD IDEA Group

AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions conglomerate group, connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group 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 X (formerly known as "Twitter") at @AMTDGroup.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of AMTD IDEA Group are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of AMTD IDEA Group with the SEC. All information provided in this press release is as of the date of this press release, and AMTD IDEA Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

IR Office
AMTD IDEA Group
EMAIL: ir@amtdinc.com

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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