May 04, 2016 5:58 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of American Hotel Income Properties REIT LP

Company Overview

American Hotel Income Properties REIT LP is a publicly owned real estate investment trust. It invests in the real estate markets across United States. The firm invests in hotel real estate properties. It primarily engages in in the railway employee accommodation, transportation, and contract-focused lodging sectors. American Hotel Income Properties REIT LP was formed in 2012 and is based in Vancouver, British Columbia.

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 of American Hotel Income Properties REIT (GP) Inc, President of American Hotel Income Properties REIT (GP) Inc and Director of American Hotel Income Properties REIT (GP) Inc
Age: 65
Total Annual Compensation: C$350.0K
Chief Financial Officer of American Hotel Income Properties REIT (GP) Inc and Corporate Secretary of American Hotel Income Properties REIT (GP) Inc
Total Annual Compensation: C$230.0K
Chief Investment Officer of American Hotel Income Properties REIT (GP) Inc
Age: 56
Total Annual Compensation: C$207.6K
Director of Finance - AHIP Management Ltd
Total Annual Compensation: C$152.0K
Special Projects Consultant
Total Annual Compensation: C$242.4K
Compensation as of Fiscal Year 2015.

American Hotel Income Properties REIT LP Key Developments

American Hotel Income Properties REIT LP Announces Board Changes

American Hotel Income Properties REIT LP announced the acquisition of its previously announced 24-room expansion at the existing, high occupancy, 116-room Oak Tree Inn hotel and Penny's Diner located in Hearne, Texas for a total purchase price of USD 2.4 million. AHIP announced that due to other personal commitments, Mr. Peter Armstrong has notified the Board of his intention not to seek re-election as a director at AHIP's upcoming annual and special meeting to be held on May 12, 2016. AHIP also announced that upon the recommendation of the Nominating and Governance Committee, the Board has nominated Mr. Charles (Chuck) W. van der Lee to stand for election at the Annual Meeting along with the incumbent Board members. Mr. van der Lee is currently the principal owner, President and Chief Executive Officer of Papa M Pizza Canada Inc. From May 1990 to September 2009, Mr. van der Lee served as President and Chief Executive Officer of Rogers Retail (a division of Rogers Communications Inc.) and during his tenure he was responsible for expanding the network of company stores from 33 to over 400 locations. From 2004 to 2015, Mr. Van der Lee also served as an independent director of Amica Mature Lifestyles Inc. culminating in the successful sale of this company in late 2015.

American Hotel Income Properties REIT LP Announces March 2016 Distribution, Payable on April 15, 2016

American Hotel Income Properties REIT LP announced a cash distribution of CAD 0.075 per limited partnership unit for the period of March 1, 2016 to March 31, 2016, which is equivalent to CAD 0.90 per unit on an annualized basis. The distribution will be paid on April 15, 2016 to unit holders of record at the close of business on March 31, 2016.

American Hotel Income Properties REIT LP Announces Financial Results for the Three Months and Fiscal Year Ended December 31, 2015

American Hotel Income Properties REIT LP announced financial results for the three months and fiscal year ended December 31, 2015. For the quarter, the company reported funds from operations and adjusted funds from operations of $7.2 million and $6.2 million, respectively compared to $4.7 million and $4.2 million, respectively, for the same period last year. Diluted FFO per unit was $0.21 against $0.21 a year ago and diluted AFFO per unit was $0.18 against $0.18 a year ago. Total revenues increased by $12 million to $39.8 million, a 43% increase from the $27.8 million for the prior period. EBITDA was up 46%, or $3.3 million, to $10.4 million compared to $7.1 million in the same period last year. For the year, the company reported FFO and AFFO were $28.0 million and $24.4 million, respectively compared to $16.6 million and $15.0 million, respectively, for the same period last year reflecting hotel acquisitions during the year. Diluted FFO per unit was $0.93 against $0.91 a year ago and diluted AFFO per unit was $0.81 against $0.82 a year ago. Total revenues increased by $50.7 million, to $143.8 million compared to $93.1 million for the prior period a gain of 54%. EBITDA was up $16.8 million, or 69% to $41.2 million compared to $24.4 million in the same period last year.

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
December 22, 2015
A 133-Room Rail Crew Hotel Located in Lincoln, Nebraska
Merger/Acquisition
October 29, 2015
Hotel Located in Fort Scott, Kansas
Merger/Acquisition
July 23, 2015
Portfolio of Five Railway Lodging Facilities in New Mexico, South Dakota, Wyoming and Nebraska
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact American Hotel Income Properties REIT LP, please visit www.ahipreit.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.