July 30, 2014 6:03 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of American Hotel Income Properties REIT LP

Company Overview

American Hotel Income Properties REIT LP engages in the acquisition and operation of hotel properties in the United States. The company operates a portfolio of 32 hotel properties that represent a total of 2,565 rooms located in 19 states primarily under the Oak Tree Inn brand name, as well as 23 restaurants under the Penny’s Diner brand name. Its property chain of crew lodging facilities serves freight railroad industry. American Hotel Income Properties REIT (GP) Inc. operates as the general partner of the company. American Hotel Income Properties REIT LP was founded in 2012 and is headquartered in Vancouver, Canada.

401 West Georgia Street

Suite 1690

Vancouver, BC V6B 5A1

Canada

Founded in 2012

Phone:

604-684-0444

Fax:

604-684-0482

Key Executives for American Hotel Income Properties REIT LP

Chief Executive Officer and Director
Total Annual Compensation: $166.1K
Executive Vice President and Corporate Secretary - American Hotel Income Properties REIT (GP) Inc
Total Annual Compensation: $136.1K
Chief Investment Officer
Age: 55
Total Annual Compensation: $115.3K
Director of Finance
Total Annual Compensation: $120.0K
Compensation as of Fiscal Year 2013.

American Hotel Income Properties REIT LP Key Developments

American Hotel Income Properties REIT LP Announces Cash Distribution for the Period from July 1, 2014 to July 31, 2014, Payable on August 15, 2014

American Hotel Income Properties REIT LP cash distribution of CAD 0.075 per limited partnership unit for the period of July 1, 2014 to July 31, 2014, which is equivalent to CAD 0.90 per Unit on an annualized basis. The distribution will be paid on August 15, 2014 to unitholders of record at the close of business on July 31, 2014.

American Hotel Income Properties REIT LP Announces the Closing of Three Hotels in Portfolio of Four Hotel Properties in North Carolina and Georgia

American Hotel Income Properties REIT LP (AHIP) announced the closing of three hotels in a portfolio of four hotel properties located in North Carolina and Georgia. The three hotels comprise a total of 280 guest rooms. The three Acquisition Properties completed on July 3, 2014 are located in North Carolina and Georgia and are proximate to transportation hubs and other major demand generators such as military bases, manufacturing facilities and medical centers. The three properties include a 111 room Hampton Inn hotel and 87 room Fairfield Inn &Suites hotel located in Asheboro, North Carolina, and an 82 room Fairfield Inn &Suites hotel located in Kingsland, Georgia. The fourth Acquisition Property, the 107 room SpringHill Suites - Pinehurst, North Carolina, is expected to close within approximately 15 business days, once certain documentation requirements are completed in connection with the assumption of the existing CMBS loan on the property. AHIP made the decision to complete the purchase of the three identified hotels immediately in order to enjoy the benefits of the US July 4th long weekend business and to close new-issue CMBS debt financing with a 4.72% fixed interest rate and ten year term on the two Fairfield Inn &Suites hotels. AHIP funded the purchase price for the Acquisition using a combination of cash from AHIP's bought deal offering of units that closed on June 4, 2014, assumed CMBS debt on the Hampton Inn and new CMBS debt on the two Fairfield Inn &Suites properties. The SpringHill Suites - Pinehurst is expected to be purchased with cash from AHIP's bought deal and assumed CMBS debt.

American Hotel Income Properties REIT LP Announces USD 30.5 Million Branded Hotel Portfolio Acquisition

American Hotel Income Properties REIT LP announced that it has agreed to acquire through its subsidiaries a portfolio of four branded hotel properties located in North Carolina and Georgia for an aggregate purchase price of approximately USD 30.5 million before customary closing and post-acquisition adjustments. The purchase price does not include a USD 1.5 million restricted cash reserve to be established by AHIP for the completion of brand mandated property improvement plans.

Similar Private Companies By Industry

Company Name Region
Caplink Mortgage Investors Corporation Americas
Capital Direct I Income Trust Americas

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 15, 2014
Two Railway Lodging Facilities
Merger/Acquisition
May 6, 2014
Oak Tree Inn Hotel and Penny's Diner
Merger/Acquisition
February 17, 2014
Portfolio of Four Hotel Properties in Virginia and Land Adjacent to Two of the Properties
 

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