Q1 2021 Occupancy of 60.2%, RevPAR of $57.01, Revenues of $46.7 million Sequential monthly gains in top-line performance culminated in April ADR & Occupancy of $103.15 and 68.6%, respectively Q1 2021 diluted FFO per unit of $(0.03); FFO at breakeven prior to non-recurring items Operating efficiency gains contributed to Q1 Hotel EBITDA margin of 29.1%… [Read More]

VANCOUVER, BC, April 9, 2021 /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, 2021 after market close on Wednesday, May 12, 2021.  Interested parties are invited to participate in the Company’s… [Read More]

VANCOUVER, BC, March 19, 2021 /CNW/ – American Hotel Income Properties REIT LP (“AHIP” or the “Company“) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announced today the departure of Azim Lalani, Chief Financial Officer (“CFO“), to pursue other opportunities effective March 18, 2021. “I would like to thank Azim for his diligent work and greatly appreciate all… [Read More]

New CEO, Jonathan Korol, started on October 7, 2020 Q4 2020 occupancy of 51.4%, RevPAR of $47.25, and revenues of $39.4 million Q4 2020 diluted FFO per unit of ($0.07) Occupancy levels improved significantly in February, to 59.9%; Upward trend in Occupancy has continued into March $50 million strategic Preferred Equity investment, closed January 28,… [Read More]

Institutional Preferred Equity Stock offering to BentallGreenOak and Highgate Enhances AHIP’s liquidity, reduces leverage and positions Company for growth opportunities Extension of waivers and covenants on corporate credit facility All amounts in U.S. dollars unless otherwise noted VANCOUVER, BC, Jan. 28, 2021 /CNW/ – American Hotel Income Properties REIT LP (“AHIP” or the “Company“) (TSX:… [Read More]

All hotels currently open, with Q3 2020 occupancy of 57.1%, representing a 22.4 percentage point increase over Q2 2020 occupancy of 34.7% One of the few U.S. hotel REITs reporting positive FFO and cash flow during the third quarter AHIP’s hotels outperformed their competitive sets with a RevPAR Index of 122.6 during Q3 Total revenues… [Read More]

VANCOUVER, BC, Oct. 16, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP” or 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 September 30, 2020 after market close on Monday, November 9, 2020.  Interested parties are invited to participate in… [Read More]

All 78 hotels remain open 57.8% occupancy recorded in September 2020 Jonathan Korol joins as new Chief Executive Officer Additional CMBS loan relief successfully completed VANCOUVER, BC, Oct. 13, 2020 /CNW/ – American Hotel Income Properties REIT LP (“AHIP” or the “Company”) (TSX: HOT.UN)  (TSX: HOT.U) (HOT.DB.U) announced today that for the month of September… [Read More]

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]