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March 29, 2015 1:39 PM 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 Reports Financial Results for the Fourth Quarter and Fiscal Year Ended December 31, 2014

American Hotel Income Properties REIT LP reported financial results for the fourth quarter and fiscal year ended December 31, 2014. For the quarter, funds from operations and adjusted funds from operations were $4.7 million and $4.2 million, respectively, compared to $1.3 million and $1.7 million, respectively, for the same period last year reflecting the addition of 22 new hotels comprising over 2,000 guestrooms. Diluted FFO per unit ­ as reported was $0.21 compared to $0.10 in 2013. Diluted Core FFO per unit (which adjusts for securities-based compensation expenses and a one-time recovery of insurance proceeds) was $0.19 compared to $0.15 in 2013. Diluted AFFO per unit ­ as reported was $0.18 compared to $0.13 in 2013. Diluted Core AFFO per unit (which adjusts for a one-time recovery of insurance proceeds) was $0.16 compared to $0.13 in 2013. Total revenues increased to $27.8 million compared to $14.5 million for the prior period. Net operating income was $9.1 million compared to $4.4 million in the same period last year. For the year, funds from operations and adjusted funds from operations were $16.6 million and $15.0 million, respectively, compared to $7.4 million and $7.2 million, respectively, for the same period last year reflecting the portfolio acquisitions during the year. Diluted FFO per unit ­ as reported was $0.91 compared to $0.74 in 2013. Diluted Core FFO per unit (which adjusts for securities-based compensation expenses and a one-time recovery of insurance proceeds) was $0.91 compared to $0.80 in 2013. Diluted AFFO per unit ­ as reported was $0.82 compared to $0.72 in 2013. Diluted Core AFFO per unit (which adjusts for a one-time recovery of insurance proceeds) was $0.80 compared to $0.72 in 2013. Total revenues increased to $93.1 million compared to $48.1 million for the prior period reflecting gains of 93.8%. Net operating income was up 99.4% to $32.0 million compared to $16.0 million in the same period last year.

American Hotel Income Properties REIT LP Announces Distribution for the Month Ended March 31, 2015, Payable on April 15, 2015

American Hotel Income Properties REIT LP announced a cash distribution of CAD 0.075 per limited partnership unit for the period of March 1, 2015 to March 31, 2015, which is equivalent to CAD 0.90 per Unit on an annualized basis. The distribution will be paid on April 15, 2015 to unit holders of record at the close of business on March 31, 2015.

American Hotel Income Properties REIT LP Opens New 110-Room Oak Tree Inn Hotel in Wellington, Kansas

American Hotel Income Properties REIT LP (AHIP) announced the grand opening of the new 110-room Oak Tree Inn hotel in Wellington, Kansas. The hotel was purpose built for a national U.S. railway client and is AHIP's 38th Oak Tree Inn railway hotel. The Property was acquired on February 25, 2015 for USD 7.4 million from SunOne Developments Inc. pursuant to a Master Development Agreement.

Similar Private Companies By Industry

Company Name Region
Capital Direct I Income Trust Americas
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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 23, 2015
Additional Guestrooms at Oak Tree Inn Railway Hotels
Merger/Acquisition
October 10, 2014
Texas Portfolio
Merger/Acquisition
October 6, 2014
Portfolio of Four Hotels in Oklahoma
 

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