VANCOUVER, Aug. 9, 2018 /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 completed approximately US$5.2 million of renovations at its Embassy Suites DFW South, near the Dallas/Fort Worth airport in Irving, Texas.
Key aspects of this renovation project included a completely rebuilt atrium, with a new bar, breakfast restaurant, communal seating areas and digital docking tables – where business travelers can work with colleagues within the comfort of a lounge area. The lobby features a new water feature, lush greenery and steel sculptural elements, to provide guests with a calm and inviting environment. In addition, all of the elevators at this property have been replaced and modernized with new technology, and the exterior of the building was repainted.
Most Embassy Suites by Hilton hotels are undergoing a significant design refresh, to cater to the changing needs and preferences of today's business and leisure travelers. The redesign of atriums and enhanced bar offering not only provide more options for guests to socialize within the hotel, but also provide hotel owners with opportunities to grow food and beverage related revenues.
"This marks the completion of the first of three Embassy Suites hotels we are renovating this year, to showcase the new Embassy Suites design and enhanced guest experience – with improved food and beverage offerings, increased communal seating areas and digital work stations," said Rob O'Neill, CEO. "Our Embassy Suites hotels are the largest properties we own, and make a significant contribution to our performance. We're excited to see the future benefits of these investments, as our guests experience the difference of these hotel improvements."
Another AHIP-owned Embassy Suites hotel, the Embassy Suites Cincinnati (in Covington, Kentucky), is expected to complete renovations within the month. As well, the Embassy Suites Columbus (in Dublin, Ohio) recently began renovations in July and is expected to be completed during the fourth quarter.
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 substantially in the United States. AHIP currently has 114 hotels, and is actively 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]