VANCOUVER, B.C. (April 17, 2017) – American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN; OTCQX: AHOTF) announced today a cash distribution of US$0.054 per limited partnership unit (“Unit”) for the period of April 1, 2017 to April 30, 2017, which is equivalent to US$0.648 per Unit on an annualized basis. The distribution will be paid on May 15, 2017 to unitholders of record at the close of business on April 28, 2017.
The policy of AHIP is to pay cash distributions on or about the 15th day of each month to the unitholders of record on the last business day of the preceding month.
Q1 2017 FINANCIAL RESULTS CONFERENCE CALL
AHIP intends to release its financial results for the three months ended March 31, 2017, after the close of the Toronto Stock Exchange on Wednesday, May 10, 2017.
Management will host a conference call at 4:00 p.m. (Eastern), 1:00 p.m. (Pacific) on Thursday, May 11, 2017 to review the financial results and corporate results for the three months ended March 31, 2017.
To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the AHIP conference call.
|Dial in numbers:||Toll free:||1-877-291-4570|
|International or local Toronto||1-647-788-4919|
CONFERENCE CALL REPLAY
If you cannot participate on Thursday, May 11, 2017, a replay of the conference call will be available by dialling one of the following replay numbers. You will be able to dial in and listen to the conference call replay two hours after the call end time, and the replay will be available until Thursday, May 25, 2017. An audio recording of this conference call will also be available at www.ahipreit.com under the “Investor Info/Presentations & Calls” tab.
Please enter replay PIN number 8586729 followed by the # key.
|Replay dial in numbers:||Toll free:||1-800-585-8367|
|International or local Toronto||1-416-621-4642|
ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP
AHIP is a limited partnership formed under the Limited Partnerships Act (Ontario) to invest in hotel real estate properties located substantially in the United States and engaged primarily in the transportation- oriented, branded, select-service and rail crew lodging sectors.
AHIP’s long-term objectives are to: (i) generate stable and growing cash distributions from hotel properties substantially in the U.S.; (ii) enhance the value of its assets and maximize the long-term value of the hotel properties through active asset management; and (iii) expand its asset base and increase its AFFO per Unit through an accretive acquisition program, participation in strategic development opportunities and improvements to its properties through targeted value-added capital expenditure programs.
For further information, please contact:
Andrew Greig, Investor Relations
American Hotel Income Properties REIT LP
Suite 1660 – 401 West Georgia Street
Vancouver, B.C. V6B 5A1
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS NEWS RELEASE.