Vancouver, BC (February 20, 2013)
American Hotel Income Properties REIT LP (“AHIP”) announced today the successful closing of its initial public offering of 9,570,000 limited partnership units (“Units”) priced at Cdn$10.00 per Unit, for total gross proceeds of Cdn$95.7 million. Included in the closing were 870,000 Units (Cdn$8.7 million) from a partial exercise of the over-allotment option described in AHIP’s final prospectus dated February 12, 2013. The balance of the over-allotment option, being for 435,000 Units, remains exercisable for a period of 30 days and, if exercised, would
bring the total gross proceeds of the offering to Cdn$100.1 million.