VANCOUVER, July 20, 2015 /CNW/ - American Hotel Income Properties REIT
LP ("AHIP") (TSX: HOT.UN; OTCQX: AHOTF) announced today a cash
distribution of Cdn$0.075 per limited partnership unit ("Unit") for the
period of July 1, 2015 to July 31, 2015, which is equivalent to
Cdn$0.90 per Unit on an annualized basis. The distribution will be
paid on August 14, 2015 to unitholders of record at the close of
business on July 31, 2015.
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 primarily in the railway
employee accommodation, transportation, and contract-focused 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 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.
SOURCE American Hotel Income Properties REIT LP
For further information:
Andrew Greig, Investor Relations
American Hotel Income Properties REIT LP
Suite 1660 - 401 West Georgia Street
Vancouver, B.C. V6B 5A1