VANCOUVER, Feb. 11, 2019 /CNW/ - American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN,TSX: HOT.U,TSX: HOT.DB.U) is pleased to announce that it has appointed Mr. Chris Cameron as its new Chief Investment Officer, effective today. In this role, Mr. Cameron will be responsible for leading the Company's investment and capital recycling strategies, including evaluating alternatives to redeploy capital and executing hotel transactions in line with the Company's strategic plan.
"I'm very pleased to welcome Chris to the AHIP team," said John O'Neill, CEO. "I've worked closely with Chris for many years, including when AHIP was founded nearly six years ago – as he worked with us during the IPO process. As a result, he is already intimately familiar with much of our hotel portfolio. His extensive knowledge about the North American hotel industry and capital allocation strategies will be instrumental in helping AHIP achieve its long-term strategy and cash flow targets."
Mr. Cameron is a Chartered Professional Accountant and has over 14 years of experience in the hotel industry, overseeing multiple disciplines including hotel acquisitions and dispositions, debt financing, and operations.
ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP
American Hotel Income Properties REIT LP (TSX: HOT.UN,TSX: HOT.U,TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located in the United States. AHIP currently has 112 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG, Wyndham and Choice Hotels through license agreements. The company's long-term objectives are to build on its proven track record of successful investment, deliver reliable and consistent U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio. More information is available at www.ahipreit.com.
SOURCE American Hotel Income Properties REIT LP
For further information: Jamie Kokoska, Director, Investor Relations, Phone: 604-670-6242, Email: [email protected]