american hotel income properties reit lp
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") (...
MCR Competes Sale of 18 Marriott and Hilton Hotels for $407.4 Million to American Hotel Income Properties REIT
MCR | June 29, 2017
NEW YORK--June 29, 2017--MCR, the seventh largest hotel owner-operator in the United States has sold 18 Marriott and Hilton assets to American Hotel Income Properties REIT LP ("AHIP") for $407.4 million. The assets sold are located in Maryland, New Jersey, New York, Connecticut and Pennsylvania. The transaction closed on June 22, 2017. The average capitalization rate of the portfolio disposition was approximately 7.9% on a trailing twelve months net operating income basis, or roughly $186,000 per room. The sale encompassed 2,187 rooms. "The sale of this portfolio is a reflection of MCR's investment thesis: to purchase premium branded se...
American Hotel Income Properties REIT LP Acquires Portfolio of Three Embassy Suites by Hilton Hotels in Ohio for $124 Million
American Hotel Income Properties REIT LP | December 19, 2016
VANCOUVER, BC--(December 19, 2016) - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) (OTCQX: AHOTF) NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) (OTCQX: AHOTF) announced today that it has agreed to acquire through its subsidiaries the previously announced strategic portfolio of three Embassy Suites by Hilton branded hotels totaling 782 guestrooms located in proximity to Columbus, Cleveland and Cincinnati, Ohio (the "Midwestern 3 Embassy Suites Portfolio") for approximately US$124.0 mil...
American Hotel Income Properties REIT LP to Acquire Four Marriott-Branded, Select-Service Hotels in Florida and Tennessee for $47 Million
American Hotel Income Properties REIT LP | October 3, 2016
VANCOUVER, BC--(October 3, 2016) - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) (OTCQX: AHOTF) announced today that it has agreed to acquire through its subsidiaries, a portfolio of four Marriott-branded, select-service hotels (the "Acquisition Properties") located in Jacksonville and Lake City, Florida, and Chattanooga, Tennessee for an aggregate purchase price of US$47.0 million, excluding closing and post-acquisition adjustments. The purchase price does not include US$2.8 million for the completion of brand-mandated property improvement plans ("PIPs"). The Acquisition Properties are be...
American Hotel Income Properties REIT LP to Acquire Two Embassy Suites by Hilton Hotels for US$57.6 Million
American Hotel Income Properties Reit LP | July 13, 2016
VANCOUVER, BC—(July 13, 2016) - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) (OTCQX: AHOTF) announced today that it has agreed to acquire the previously announced two Embassy Suites by Hilton hotels located in Dallas, Texas and Tempe, Arizona for an aggregate purchase price of approximately US$57.6 million, excluding approximately US$5.7 million in brand mandated property improvement plans ("PIPs") and customary and any negotiated closing and post-acquisition adjustments. The Embassy Suites hotels are being purchased at a weighted-average capitalization rate of approximately 8.3% on trailing ...
