ahip
American Hotel Income Properties REIT LP Announces Appointment of Travis Beatty as Chief Financial Officer
American Hotel Income Properties REIT LP | June 1, 2021
VANCOUVER, BC, June 1, 2021 - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN, HOT.U and HOT.DB.U) is pleased to announce that Travis Beatty has been appointed as its Chief Financial Officer effective June 7, 2021. Mr. Beatty is a strong organizational leader with a proven track record in the public REIT space as well as within the broader Canadian financial community, making him the ideal candidate to assume the role of CFO. Mr. Beatty was previously the Chief Financial Officer of Northview Apartment REIT ("Northview") from 2016 to 2020. Northview was a Canadian public REIT focused on owning and managing multi-family ...
American Hotel Income Properties REIT LP Appoints Jonathan Korol as New CEO
American Hotel Income Properties REIT LP | September 8, 2020
VANCOUVER, BC, Sept. 8, 2020 - 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 decades as an owner, operator and asset manager, making him the ideal candidate to assume the role of CEO. Mr. Korol comes to his new role from SilverBirch Hotels & Resorts ("SilverBirch"), where he has been President since February 2017. At SilverBirch, Jonathan oversaw one of Canada's largest...
American Hotel Income Properties REIT LP Completes the Sale of the Wingate Tampa Hotel
American Hotel Income Properties REIT LP | September 1, 2020
VANCOUVER, BC, Sept. 1, 2020 - 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 a mortgage, which is repayable at the end of three years along with accrued interest. Net proceeds of the sale will be used to repay amounts outstanding under the Company's revolving credit facility. "We're pleased to complete the sale of this non-core asset, which was nearing significant brand-...
American Hotel Income Properties REIT LP Provides Business Update
American Hotel Income Properties REIT LP | June 16, 2020
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 loans Achieved waiver of financial covenants through Q1 2021 on its credit facility All financial figures are presented in US dollars, unless otherwise noted. VANCOUVER, BC, June 15, 2020 - American Hotel Income Properties REIT LP ("AHIP" or "the Company") (...
American Hotel Income Properties to Acquire 12 Premium Branded Hotels for $191.0 Million
American Hotel Income Properties REIT LP | December 2, 2019
AHIP also confirms completion of the previously announced profitable sale of the Economy Lodging portfolio for gross proceeds of $215.5 million Acquisition of the 12 Premium Branded hotels at an approximate 8% capitalization rate The hotels, all built in the last five years, are being acquired below replacement cost Transaction follows completion of the sale of the Economy Lodging portfolio; AHIP is now exclusively a premium branded hotel REIT The acquisition will be financed using proceeds from the sale of the Economy Lodging portfolio and a new interest-only fixed-rate term loan (All numbers are in U.S. dollars unless ot...
American Hotel Income Properties Reit LP Appoints Chris Cameron as New Chief Investment Officer
American Hotel Income Properties | February 11, 2019
VANCOUVER, Feb. 11, 2019 -- American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has appointed Mr. Chris Cameron as its new Chief Investment Officer, effective today. In this role, Mr. Cameron will be responsible for leading the Company's investment and capital recycling strategies, including evaluating alternatives to redeploy capital and executing hotel transactions in line with the Company's strategic plan. "I'm very pleased to welcome Chris to the AHIP team," said John O'Neill, CEO. "I've worked ...
American Hotel Income Properties REIT Appoints John O’Neill as New CEO
American Hotel Income Properties REIT LP | September 12, 2018
VANCOUVER, Sept. 12, 2018 - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN, HOT.U and HOT.DB.U) is pleased to announce that John O'Neill has been appointed as Chief Executive Officer of AHIP, effective October 1, 2018. Mr. O'Neill is an accomplished hospitality professional with over 30 years of experience in hotel investment, development and management. John oversaw the management of AHIP's hotel operations as the portfolio grew from 32 to 115 hotels over the past six years, while serving as President of ONE Lodging Management Inc. until Aimbridge Hospitality assumed AHIP's hotel management dut...
Wyndham Hotel Group Inks Deal with American Hotel Income Properties for 46 Hotels Across U.S.
American Hotel Investment Properties REIT LP | November 1, 2017
PHOENIX, Nov. 1, 2017 -- Wyndham Hotel Group – the hospitality giant with an unparalleled portfolio of more than 8,300 hotels globally – today announced an agreement with American Hotel Income Properties REIT Inc. (AHIP) to convert 44 existing hotels across the U.S. to Wyndham's Baymont Inn & Suites ®, Travelodge ® and Super 8 ® brands. Furthermore, AHIP has also newly acquired two additional hotels joining the Wyndham portfolio. All 46 hotels will become part of Wyndham's powerhouse global distribution network and award-winning loyalty program by the end of the year. The agreement boosts the company&...
