AMTD IDEA Group (AMTD) announced that the wider AMTD consortium has completed the purchase of four hotels—The Ritz-Carlton, Perth; AMTD IDEA Tribeca Hotel in New York; AMTD Dao by Dorsett Hornsey in London; and AMTD IDEA KL Hotel in Kuala Lumpur—for a combined consideration of about 280 million Singapore dollars.

These properties, alongside two hotels acquired in 2019, expand the Group’s hospitality portfolio to almost 1,000 rooms across major gateway cities on four continents, now operating under the AMTD Hotels banner.

The enlarged portfolio is projected to deliver a “significant increase” in revenue for the hospitality arm and is expected to contribute positively to the Group’s consolidated results for the six-month period ending Jun, 30 2026.

AMTD said it remains committed to growing its global hotel footprint and will continue to seek additional strategic acquisition opportunities in the sector.