AMTD's TGE in Negotiations to Acquire a second New York Hotel
AMTD is in final-stage negotiations to acquire a second New York City hotel, located in the Times Square area, with a target closing before the end of 2026. The group acquired its first NYC hotel at 39 6th Ave in March 2026 for USD69 million, now rebranded as the AMTD IDEA Tribeca Hotel. The deal is not guaranteed; the release explicitly notes no certainty the transaction will be consummated.
Key figures
- Deal Value Usd
- 0
- Hotel rooms total
- 919
- Prior hotel price
- USD69 million
- Target rooms post deal
- over 1,000 rooms
- Hotel portfolio properties
- 6
AI analysis
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