VANCOUVER, Dec. 17, 2013 /CNW/ - American Hotel Income Properties REIT
LP ("AHIP") (Toronto Stock Exchange: HOT.UN; OTCQX: AHOTF) announced
today the cash distribution of Cdn$0.075 per limited partnership unit
("Unit") of AHIP for the period of December 1, 2013 to December 31,
2013, which is equivalent to Cdn$0.90 per Unit on an annualized basis.
The distribution will be paid on January 15, 2014 to unitholders of
record at the close of business on December 31, 2013.
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 Partnership Act
(Ontario) to invest in hotel real estate properties located
substantially in the United States and engaged primarily in the
railroad 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 US; (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 Adjusted
Funds From Operations ("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, BC V6B 5A1