VANCOUVER, BC, Sept. 8, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP“) (TSX: HOT.UN, HOT.U and HOT.DB.U) is pleased to announce that Jonathan Korol has been appointed its Chief Executive Officer effective October 7, 2020.  Mr. Korol is a proven leader who brings a deep understanding of the North American hotel industry gathered over… [Read More]

VANCOUVER, BC, Sept. 1, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP” or the “Company”) (TSX: HOT.UN, HOT.U, and HOT.DB.U) announced today that it has closed the previously announced sale of its 86-room Wingate Tampa property for gross proceeds of US$7.5 million. AHIP has provided US$2.65 million in financing for the buyer, secured by… [Read More]

Significant impact of COVID-19 experienced during the second quarter, as total revenues were $27.3 million and NOI was $4.3 million All 79 hotels are open with occupancy continuing to increase during the quarter Average occupancy during Q2 2020 was 34.7%; average occupancy in July was 55.3%, which produced positive cash flow for the month RevPAR… [Read More]

VANCOUVER, BC, July 20, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP”, “the Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announces today that it intends to release its financial results for the quarter  ended June 30, 2020 before market open on Friday, August 7, 2020. Interested parties are invited to participate in the Company’s… [Read More]

VANCOUVER, BC, July 2, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP” or the “Company”) (TSX: HOT.UN)  (HOT.U) and (HOT.DB.U) announced today that for the month of June, occupancy across its portfolio of 79 Premium Branded hotels averaged 49.0%, an increase from an average of 32.8% in May and 21.7% in April.  Most recently, in… [Read More]

VANCOUVER, BC, June 17, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, HOT.U, and HOT.DB.U) announces that at its annual and special meeting of unitholders, held earlier today, all directors nominated as listed in the information circular dated May 15, 2020 were directed to be elected as directors of American Hotel… [Read More]

Occupancy rates continue to improve, with nine consecutive weeks of growth and total portfolio occupancy of approximately 48% in the past week Given the current pace of occupancy growth, AHIP is approaching breakeven cashflow and currently anticipates generating positive cashflow by the end of Q3 2020 Successfully restructured payments on approximately 70% of its CMBS… [Read More]

VANCOUVER, May 28, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP”, “the Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announces today that it will host its 2020 Annual and Special Meeting of Unitholders (the “Meeting”) in a hybrid (teleconference and limited in-person) format on June 17, 2020 at 9:00 am (Pacific Time).  In… [Read More]

Q1 2020 diluted FFO per Unit of $0.06; Q1 2020 diluted AFFO per Unit of $0.05 Net operating income (NOI) during first two months of Q1 2020 grew 3.6% compared to the same period last year; Same-Property NOI grew 9.8% in first two months of Q1 2020 Significant impact of COVID-19 experienced in last half… [Read More]

VANCOUVER, April 20, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP”, “the Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announces today that it intends to release its financial results for the quarter ended March 31, 2020 after market close on Wednesday, May 13, 2020.  Interested parties are invited to participate in the Company’s… [Read More]

AHIP announces that it has undertaken significant steps to mitigate the operational and financial impacts of the COVID-19 pandemic 60 of AHIP’s 79 hotels are currently open for business, generating revenue and serving guests in compliance with government health guidelines Occupancy rates stabilizing at reduced levels, with extended stay properties remaining the best performing Hotel… [Read More]

All 79 hotels are currently open for business and are serving guests in compliance with government health guidelines Decline in occupancy rates in the past week as a result of social distancing mandates, travel restrictions and overall heightened awareness of COVID-19 Aggressive cost saving and cash management strategies have been implemented to preserve cash and… [Read More]