VANCOUVER, Dec. 3, 2018 /CNW/ - American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN, HOT.U, and HOT.DB.U) discloses that John O'Neill, CEO, purchased 75,000 additional units in the past two weeks, through open market purchases. Since joining AHIP as CEO on October 1, 2018, Mr. O'Neill has also acquired 6,455 units through an automatic securities purchase plan, provided as part of his agreement with the Company to take 100% of his compensation in the form of equity.
In addition to John O'Neill's unit purchases, five other insiders have purchased AHIP units on the open market in the past three weeks: four Board Directors, Rob O'Neill, Steve Evans, Beth Walters and Michael Murphy, collectively purchased 186,350 units and $84,200 worth of debentures; and Ian McAuley, President, purchased 1,400 units.
These insider purchases have also been disclosed through regulatory filings.
ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP
American Hotel Income Properties REIT LP (TSX: HOT.UN; HOT.U and 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 113 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]