VANCOUVER, Jan. 4, 2019 /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 150,000 units during the month of December, through open market purchases. Since joining AHIP as CEO on October 1, 2018, Mr. O'Neill has also acquired 9,712 units as part of his ongoing agreement with the Company to take 100% of his compensation in the form of equity.
In addition to John O'Neill's unit purchases, seven other Company insiders collectively purchased 451,793 units on the open market in December: Rob O'Neill (Director) purchased 425,793 units and $65,000 worth of debentures; Michael Murphy (Director) purchased 6,000 units; Rick Frank (Director), Tamara Lawson (Director) and Charles van der Lee (Director) each purchased 5,000 units; Elizabeth Walters (Director) purchased 500 units; and, Anne Yu (Vice President, Finance) purchased 4,500 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 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]