Vancouver, BC (October 28, 2014)
American Hotel Income Properties REIT LP (“AHIP”) (Toronto Stock Exchange: HOT.UN; OTCQX: AHOTF) announced today the closing of its previously announced public offering (the “Offering”) of 4,810,000 limited partnership units (each a “Unit”), on a bought deal basis, at a price of Cdn$10.45 per Unit, for total gross proceeds of Cdn$50,264,500. Included in the closing were 500,000 Units from a partial exercise of the over-allotment option described in AHIP’s short form prospectus dated October 21, 2014 (the “Prospectus”), which is available on SEDAR at www.sedar.com.