AMTD Announces Successful Acquisition of Dao by Dorsett Hornsey Hotel for US$30 Million and Agreement to Acquire Historic Hornsey Town Hall for US$33 million
AMTD Announces Successful Acquisition of Dao by Dorsett Hornsey Hotel for US$30 Million and Agreement to Acquire Historic Hornsey Town Hall for US$33 million |
| [02-June-2026] |
PARIS, NEW YORK and LONDON, June 2, 2026 /PRNewswire/ -- AMTD Group Inc. ("AMTD Group"), AMTD IDEA Group ("AMTD IDEA") (NYSE: AMTD; SGX: HKB), AMTD Digital Inc. (NYSE: HKD) and The Generation Essentials Group (NYSE: TGE; LSE: TGE), a subsidiary of AMTD Digital Inc., (collectively, "AMTD") jointly announce the successful acquisition of the Dao by Dorsett Hornsey Hotel by AMTD IDEA for approximately US$30 million (GBP23 million). The acquisition was completed without utilizing any external financing, including the term loan facility made available to AMTD IDEA relating to this transaction as previously announced. Located in the heart of Crouch End, London, Dao by Dorsett Hornsey Hotel is situated within the restored Grade II listed Hornsey Town Hall complex and comprises 68 serviced apartments and hotel rooms for mixed use purposes, including a mix of studios and suites. Following completion of the acquisition, the hotel will be renamed AMTD Dao by Dorsett Hornsey, becoming AMTD's fifth branded hotel, alongside AMTD hotels in Hong Kong, New York, Singapore, and Malaysia. The completion of this Hornsey transaction represents another important strategic milestone in the expansion of AMTD's hospitality portfolio. In conjunction with the hotel acquisition, AMTD IDEA also entered into a definitive agreement to acquire the historic Hornsey Town Hall, a 1930s London civic landmark comprising an Assembly Hall, Council Chamber, Committee Room, rooftop bar, cinema, town hall square and a variety of flexible event spaces and workspaces, for US$33 million (GBP25 million). The Town Hall has long served as a major art and cultural hub in London. Queen played their first London gig in February 1971, with artists such as Ray Davies and The Rolling Stones also performing there. Over the years, the building has featured in numerous TV, film and theatre productions and commercials, including The Crown, Rupert the Bear, Criminal Justice, Spooks, The Hour, Whitechapel, and, most famously, the film Bohemian Rhapsody. The Town Hall continues this legacy today by hosting events and festivals throughout the year, which brings the community together for live music, food and craft stalls, and openair cinema. Following the acquisition, AMTD plans to leverage its strengths as a leading fashion and art media company to introduce and connect art festivals and cultural initiatives to Hornsey Town Hall, further establishing it as a vibrant hub for art and culture. The closing of the transaction is subject to customary closing conditions and is expected to take place in the near future. About AMTD Group About AMTD IDEA Group About AMTD Digital Inc. About The Generation Essentials Group Safe Harbor Statement For more information, please contact: For AMTD IDEA Group: For AMTD Digital Inc.: For The Generation Essentials Group: SOURCE AMTD IDEA Group; AMTD Digital Inc.; The Generation Essentials Group | ||
Company Codes: NYSE:AMTD,LSE:TGE,NYSE:HKD,NYSE:TGE,Singapore:HKB |
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