American Hotel Income Properties News

AHIP also confirms completion of the previously announced profitable sale of the Economy Lodging portfolio for gross proceeds of $215.5 million continue reading →

xcluding hotels under renovation, Premium Branded hotels achieved 1.0% growth in RevPAR, 3.0% growth in revenue and 2.7% growth in Net Operating Income continue reading →

The sale price represents an attractive selling capitalization rate of approximately 8.2%, based on trailing 12-months net operating income, after management fees and FF&E reserve continue reading →

For the past six years, Mr. Pittet was Senior Vice President at ONE Lodging, which is now part of Aimbridge Hospitality – North America's largest hotel management company and AHIP's independent hotel manager. continue reading →

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announced that it has exercised its option to buy out the ground lease associated with its Fairfield Inn & Suites White Marsh hotel in Baltimore, Maryland, and has completed the purchase of land for US$1.9 million plus closing costs. continue reading →

American Hotel Income Properties REIT LP (TSX: HOT.UN, HOT.U and HOT.DB.U) announced that Aimbridge Hospitality has entered into a binding agreement with ONE Lodging Management to assume the hotel management responsibilities for all of AHIP's 115 hotels. continue reading →

Third quarter revenue more than doubles from same quarter last year - Third quarter FFO increases 93.0%; AFFO increases 87.6% continue reading →

Total revenues for the quarter increased by 56.0% to $69.5 million compared to $44.5 million for the same quarter last year as a result of the acquisition of new hotels between reporting periods. continue reading →

American Hotel Income Properties REIT LP (TSX:HOT.UN)(OTCQX:AHOTF) announced today that it has agreed to acquire through its subsidiaries a geographically targeted portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania for approximately US$407.4 million, including brand-mandated property improvement plans. continue reading →

During the first quarter, AHIP continued its disciplined investment strategy to offer investors U.S. dollar denominated distributions through the acquisition of premium branded, select-service hotels in larger secondary U.S. markets with diverse and stable demand from corporate and transient travelers as well as long standing contractual railway customers. continue reading →