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AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES CLOSING OF CDN$38.6 MILLION BOUGHT DEAL

August 11, 2015

Vancouver, BC (August 11, 2015)

American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN; OTCQX: AHOTF) announced today the closing of its previously announced public offering (the “Offering”) of 3,800,000 limited partnership units (each a “Unit”), on a bought deal basis, at a price of Cdn $10.15 per Unit, for total gross proceeds of Cdn$38,570,000. The Offering is fully described in AHIP’s short form prospectus dated August 5, 2015 (the “Prospectus”), which is available on SEDAR at www.sedar.com.

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