VANCOUVER, Aug. 17, 2018 /CNW/ - American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN, HOT.U, and HOT.DB.U) discloses that Rob O'Neill, CEO, purchased 5,000 additional units today, through open market purchases.
Since January 1, 2018, Mr. O'Neill has acquired 163,398 additional units of AHIP, including 15,498 units provided as part of his agreement with the Company to take 100% of his 2018 compensation in the form of equity.
The acquisition of these units has 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 114 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: please contact: Jamie Kokoska, Director, Investor Relations, Phone: 604-670-6242, Email: [email protected]