AMTD Digital pursues Times Square hotel deal: what it means for AMTD Digital stock

Published on 10/05/2026 at 22:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AMTD Digital targets a second New York hotel before year-end. For AMTD Digital stock, profit reached USD 22.8 million in the first half of 2026.

HKD, US00180N1019, Illustration mit AI erstellt.

AMTD Digital (ISIN US00180N1019) is in final-stage negotiations to acquire a second New York hotel in the Times Square area, according to PR Newswire on October 5, 2026. The transaction has a target closing date before the end of 2026, while a definitive purchase agreement remains the key next step.

Hotel expansion adds a second New York site

The proposed property would extend AMTD Digital's hospitality strategy in a major US gateway. The company acquired its first New York hotel in March 2026 for USD 69.0 million and rebranded it as the AMTD IDEA Tribeca Hotel, according to PR Newswire.

AMTD's portfolio currently includes six hotels across Hong Kong, Singapore, New York, London, Perth and Kuala Lumpur, with 919 rooms. Completion of the Times Square transaction would lift the network above 1,000 rooms, linking the proposed deal to a measurable expansion of capacity.

Profit rises while total revenue falls

The latest operating figures show a mixed financial profile. In the six months ended June 30, 2026, AMTD Digital subsidiary The Generation Essentials Group reported USD 22.8 million in profit, compared with USD 2.1 million in the comparable period of 2025, according to StockTitan.

Total revenue declined to USD 65.9 million from USD 87.4 million in the same six-month comparison, but revenue from contracts with customers increased 35.8 percent to USD 30.8 million. Hotel operations, hospitality and VIP services revenue rose 59.8 percent to USD 20.2 million, showing how recently acquired properties are becoming more important to the operating mix.

The balance sheet also expanded with the acquisitions. Total assets reached USD 1.8 billion on June 30, 2026, up 23.3 percent from USD 1.5 billion on December 31, 2025, while total borrowings rose to USD 310.2 million from USD 259.1 million.

Market value and operating scale

AMTD Digital's market capitalization was USD 831.2 million as of October 5, 2026. The stock was last quoted at USD 1.74 in the structured market snapshot, compared with a prior close of USD 1.71, while its 52-week range was USD 1.26 to USD 5.47.