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") (...