#USA #New York #Hospitality Sector #AMTD Group #TGE

TGE Celebrates Major Success in the Hospitality Sector

On December 31, 2025, TGE (The Generation Essentials Group), under the umbrella of AMTD Group, proudly reflects on a remarkable year filled with transformative achievements, primarily in the hospitality domain. This past year has not only marked the completion of significant business maneuvers but also reinforced TGE's strategic footprint in key global markets.

In June 2025, TGE successfully executed a de-SPAC (Special Purpose Acquisition Company) business combination with Black Spade Acquisition II Co, led by Mr. Lawrence Ho, which culminated in TGE's public debut on the prestigious New York Stock Exchange. This pivotal moment was a springboard for the company, propelling its ambitions in expanding hospitality offerings worldwide.

Building on this momentum, TGE orchestrated three pivotal sales and purchase agreements (SPAs) for hotel acquisitions in prominent cities, including New York, Australia, and Malaysia. These strategic acquisitions reflect TGE's commitment to augmenting its portfolio in the high-demand hospitality sector, aiming to create experiences that resonate with guests across different cultures.

On a pro forma basis, TGE's results from these agreements are extraordinary. The company's total assets surged by a remarkable 24.6%, reaching approximately $1.6 billion, while net assets demonstrated even more impressive growth, jumping 29.8% to around $1.1 billion in just a six-month period. Such growth showcases TGE's robust operational capabilities and successful execution of its strategic vision.

The journey hasn’t been without challenges, as closing each of these SPAs remains contingent upon fulfilling customary closing conditions. However, the enthusiasm and dedication exhibited by TGE and its partners reflect a steadfast commitment to navigating the complexities of the industry to turn vision into reality.

As we stand at the threshold of a new year, TGE expresses heartfelt gratitude to its shareholders and partners for their unwavering support throughout 2025. TGE's leadership views the successes of the past year as stepping stones toward an even more ambitious future, filled with potential for growth and innovation in the hospitality sector.

About AMTD Group

AMTD Group operates as a diversified conglomerate, with interests that span various sectors, including media and entertainment, education, and premium assets, particularly in hospitality.

About AMTD IDEA Group

AMTD IDEA Group is a comprehensive digital services institution that connects enterprises with global markets, addressing diverse business needs through innovative digital solutions.

About AMTD Digital Inc.

AMTD Digital Inc. provides an all-encompassing digital solutions platform dedicated to media, marketing, investments, and premier hospitality services, aiming to enhance client engagement and operational efficacy.

About The Generation Essentials Group

Headquartered in France, TGE focuses on global strategies in multimedia, cultural affairs, and hospitality, managing a vast portfolio of media businesses and premium properties worldwide.

As we step into 2026, the hospitality landscape continues to evolve, and TGE is well-positioned to shape the industry's future with groundbreaking initiatives and unwavering dedication to excellence.