VANCOUVER, April 3, 2013 /CNW/ - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) announced the release of its annual information form, audited consolidated financial statements and management's discussion and analysis (the "Financial Results") for the period from the date of formation on October 12, 2012 to December 31, 2012, which are available on SEDAR (www.sedar.com) and www.ahipreit.com. AHIP believes these Financial Results are neither meaningful nor indicative of AHIP's ongoing operational and financial results as they relate to a period prior to the closing of its initial public offering on February 20, 2013. To better assist investors to gain insight into AHIP's performance, AHIP recommends investors to refer to AHIP's final prospectus dated February 12, 2013 which is available on SEDAR (www.sedar.com) and www.ahipreit.com.
About American Hotel Income Properties REIT LP
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.
SOURCE: American Hotel Income Properties REIT LP
For further information:
Andrew Greig, Investor Relations
American Hotel Income Properties REIT LP
Suite 1690, 401 West Georgia Street
Vancouver, BC V6B 5A1