VANCOUVER, April 17, 2014 /PRNewswire/ - American Hotel
Income Properties REIT LP ("AHIP") (Toronto Stock Exchange: HOT.UN;
OTCQX: AHOTF) announced today the cash distribution of Cdn$0.075 per limited partnership unit ("Unit")
of AHIP for the period of April 1,
2014 to April 30, 2014, which
is equivalent to Cdn$0.90 per Unit on
an annualized basis. The distribution will be paid on
May 15, 2014 to unitholders of record
at the close of business on April 30,
2014. There are currently 14,437,800 Units issued and
outstanding.
The policy of AHIP is to pay cash distributions on or about the
15th day of each month to the unitholders of record on the
last business day of the preceding month.
ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP
AHIP is a limited partnership formed under the Limited
Partnerships Act (Ontario) to
invest in hotel real estate properties located substantially in
the United States and engaged
primarily in the railway employee accommodation, transportation,
and contract-focused lodging sectors. AHIP's long-term objectives
are to: (i) generate stable and growing cash distributions from
hotel properties substantially in the U.S.; (ii) enhance the value
of its assets and maximize the long-term value of the hotel
properties through active management; and (iii) expand its asset
base and increase its AFFO per Unit through an accretive
acquisition program, participation in strategic development
opportunities and improvements to its properties through targeted
value-added capital expenditure programs.
ADDITIONAL INFORMATION
Additional information relating to AHIP, including its other
public filings, is available on SEDAR at www.sedar.com and on
AHIP's website at www.ahipreit.com.
THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT
ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS NEWS
RELEASE.
SOURCE American Hotel Income Properties REIT LP