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An announcement from Generation Essentials Group Class A ( (TGE) ) is now available.
On December 29, 2025, The Generation Essentials Group, a subsidiary of AMTD Digital Inc., reported that it has executed a sale and purchase agreement to acquire 100% of the Hilton Garden Inn New York City Tribeca, a 151‑room property with significant retail and amenity space in one of Lower Manhattan’s most dynamic districts. The deal, which follows TGE’s de‑SPAC transaction under Black Spade Capital and other definitive hotel acquisition agreements signed in 2025, forms part of a broader push that has seen the group announce four hotel acquisition deals in major global cities for the financial year and lock in transactions representing more than USD 300 million in assets and roughly 500 additional rooms, underscoring an accelerated expansion of its hospitality portfolio alongside its media and entertainment operations.
More about Generation Essentials Group Class A
The Generation Essentials Group (TGE), headquartered in France and listed in New York and London, is a diversified media, entertainment and cultural-affairs group that also operates hospitality and VIP services. Jointly established by AMTD Group, AMTD IDEA Group and AMTD Digital Inc., TGE’s portfolio spans media brands such as L’Officiel and The Art Newspaper, movie and entertainment projects, and a global collection of premium properties, and it also acts as a sponsor manager for special purpose acquisition companies (SPACs).
Average Trading Volume: 4,089,874
Technical Sentiment Signal: Strong Sell
Current Market Cap: $53.79M
See more insights into TGE stock on TipRanks’ Stock Analysis page.