#Malaysia #Kuala Lumpur #AMTD Group #Upper View Regalia #TGE Hotel

AMTD Digital's TGE Acquires Upper View Regalia Hotel in Kuala Lumpur

AMTD Digital Inc., a prominent player in the digital solutions space, has announced a significant acquisition through its subsidiary, The Generation Essentials Group (TGE). TGE has entered into a sale and purchase agreement (SPA) to acquire an 80% stake in the Upper View Regalia Hotel, located in the bustling city of Kuala Lumpur, Malaysia. The entire deal is valued at approximately HK$300 million, equivalent to about US$38.6 million, with the agreement being subject to standard closing conditions.

The Upper View Regalia Hotel enjoys a prime location in Kuala Lumpur's vibrant commercial district. This strategic setting allows guests to easily access attractions like the Sunway Putra Mall and the Putra World Trade Centre, making it a desirable spot for both business and leisure travelers. The hotel boasts over 129 well-appointed rooms and extensive amenities, including a fully equipped gym, a serene library, and a breathtaking rooftop infinity pool. Guests can indulge in fine dining at the hotel's award-winning restaurant as well.

This acquisition not only expands TGE's global hospitality offerings but also marks the fourth major hotel project secured by the group within a single year. TGE's commitment to enhancing its portfolio in significant markets around the world is evident through this latest investment.

As of now, TGE's hotel portfolio comprises six properties across key global cities, providing more than 800 rooms. This impressive collection includes notable establishments like the iclub AMTD Sheung Wan Hotel in Hong Kong and Dao by Dorsett AMTD Singapore, along with exciting new ventures in New York, London, and Australia. The move to acquire the Upper View Regalia Hotel aligns with TGE's strategy to bolster its presence in high-demand destinations, showcasing their determination to create a diverse and luxurious hotel experience for guests.

About AMTD Group

AMTD Group Inc. is a multi-faceted conglomerate with interests in various sectors, including media, entertainment, education, and hospitality. The group is committed to connecting businesses and investors and enhancing their operational capabilities through innovative solutions.

About AMTD IDEA Group

AMTD IDEA Group operates in a diversified capacity, acting as a comprehensive digital solutions provider that connects companies and investors to global markets. Their services address a wide array of business needs, helping clients navigate all phases of their growth and technological requirements.

About AMTD Digital Inc.

Headquartered in France, AMTD Digital Inc. serves as a comprehensive digital solutions platform, focusing on digital media, content creation, and hospitality services. They are dedicated to driving innovation and client success across diverse sectors.

About The Generation Essentials Group

TGE, a joint initiative by AMTD Group and its subsidiaries, concentrates on global strategies spanning multimedia, entertainment, and premium hospitality services. Their diversified portfolio includes significant media and entertainment assets, positioning them as leaders in the hospitality and entertainment markets.

In conclusion, the acquisition of Upper View Regalia Hotel is a crucial step for TGE, reinforcing its strategy to extend its hospitality footprint and enhance the overall travel experience in key locations worldwide. With each new project, TGE emphasizes its mission to deliver quality and creativity in service, ensuring guests enjoy memorable stays at their establishments.