SOURCE: American Hotel Income Properties REIT LP

American Hotel Income Properties REIT LP

August 15, 2016 06:00 ET

American Hotel Income Properties REIT LP Announces August 2016 U.S. Dollar Cash Distribution

VANCOUVER, BC--(Marketwired - August 15, 2016) - 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 August 1, 2016 to August 31, 2016, which is equivalent to US$0.648 per Unit on an annualized basis. The distribution will be paid on September 15, 2016 to unitholders of record at the close of business on August 31, 2016.

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.

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 in rail crew accommodation, transportation, and select-service 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 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.

ADDITIONAL INFORMATION

Additional information relating to AHIP, including its other public filings, is available on SEDAR at www.sedar.com and on AHIP's website at www.ahipreit.com.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS NEWS RELEASE.

Contact Information

  • For further information, please contact:
    Andrew Greig
    Investor Relations
    American Hotel Income Properties REIT LP
    Phone: 604-633-2857
    Email: agreig@ahipreit.com