Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 65

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 65
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 primarily due to technological developments. These developments have resulted
in the availability of alternative forms of leisure time entertainment, including expanded on demand services, independent productions,
streaming and video games. The level of theatrical success remains a critical factor in generating revenues in these ancillary markets.
It is difficult to accurately predict the effect that these and other new technological developments may have on the film industry. These
uncertainties, among others, may have a negative impact on our business, financial condition, and results of operations.

Risks Relating to Our Hospitality
Business

We are subject to
the business, financial and operating risks inherent to the hospitality industry, any of which could reduce our revenues and limit opportunities
for growth.

Our business is subject to
a number of business, financial and operating risks inherent to the hospitality industry, including:

| ● | significant competition from hospitality providers in all parts of the world; |

| ● | changes in the supply and demand for hotel services, including rooms, food and beverage and other products 
 and services;                                                                                              |

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| ● | the financial condition of and relationships with hotel management companies and joint venture partners,                              
 including the risk that they may terminate or fail to comply with the relevant management or joint venture contracts or arrangements; |

| ● | decreases in the frequency of business travel that may result from alternatives to in-person meetings, 
 including virtual meetings hosted online or over private teleconferencing networks;                    |

| ● | increases in operating costs, including employee compensation and benefits, energy, insurance, food and 
 beverage and other supplies;                                                                            |

| ● | the ability of third-party internet and other travel intermediaries who sell our hotel rooms to guests 
 to attract and retain customers;                                                                       |

| ● | delays in or cancellations of planned or future development or refurbishment projects at hotels in our 
 system;                                                                                                |

| ● | cyclical over-building in the hospitality industry; and |

| ● | changes in desirability of geographic regions of the hotels in our business, geographic concentration 
 of our operations and customers and shortages of desirable locations for development.                 |

Any of these factors could
(i) increase our costs or (ii) limit or reduce the prices we are able to charge, or (iii) otherwise affect our ability
to maintain or operate existing properties or develop new properties. As a result, any of these factors can reduce our revenues and limit
opportunities for growth.

The hospitality
market is highly competitive, and we