AMTD Group Inc., AMTD IDEA Group, AMTD Digital Inc. and The Generation Essentials Group, a subsidiary of AMTD Digital Inc., jointly announced that TGE is accelerating its strategic expansion in the global hospitality sector.
To date, TGE, alongside with the group, has built a diverse hotel portfolio of six properties across major international cities across four continents, including Hong Kong SAR, Singapore, New York, London, Perth,and Kuala Lumpur, with a total of 919 rooms.
The total asset portfolio exceeding US$860 million has laid a solid foundation for TGE’s globally diversified hospitality strategy.
Among these six hotels, five are AMTD-branded properties and one is a Ritz-Carlton branded property. The portfolio is diversified in both market positioning and product type, ranging from the business-centric, minimalist iclub AMTD Sheung Wan Hotel in Hong Kong and AMTD IDEA KL Hotel in Kuala Lumpur, to apartment-style hotels such as Dao by Dorsett AMTD Singapore and AMTD Dao by Dorsett Hornsey in London, as well as the energetic and lifestyle-focused AMTD IDEA Tribeca Hotel in New York, which is tailored to the needs of vibrant, cosmopolitan urban markets.
Dr. Feridun Hamdullahpur, Co-Chairperson and Independent Director of TGE, commented, “TGE is committed to continuing our expansion in the hospitality sector, with the ambition to become one of the most diversified global hotel operators. We pursue a dual strategy focused on hospitality and real assets, owning not just the hotels we acquire but also the underlying land. Given the current stage of the economic cycle, we see hospitality investment as both timely and compelling, with a clear path for growth. We are highly confident in our asset accumulation strategy and we believe the long-term value appreciation potential of TGE’s asset base is very promising.”
