S&P Capital IQ Initiates Coverage on American Hotel Income
Properties REIT LP in Standard & Poor's Factual Stock
Reports
NEW YORK, July 24, 2013 /PRNewswire/ -- S&P
Capital IQ announced today that it has commenced Standard &
Poor's Factual Stock Report coverage on American Hotel Income
Properties REIT LP.
American Hotel Income Properties REIT LP (Toronto Stock
Exchange: HOT.UN; OTCQX: AHOTF) is a limited partnership formed
under the Limited Partnership Act (Ontario) to invest in hotel real estate
properties located substantially in the
United States and engaged primarily in the railroad employee
accommodation, transportation, and contract-focused lodging
sectors. The partnership's long-term objectives are to
generate stable and growing cash distributions from hotel
properties substantially in the U.S.; enhance the value of its
assets and maximize the long-term value of the hotel properties
through active management; and expand its asset base and increase
its Adjusted Funds From Operations per Unit through an accretive
acquisition program, participation in strategic development
opportunities and improvements to its properties through targeted
value-added capital expenditure programs.
American Hotel Income Properties REIT LP's initial portfolio
consists of 32 fully operational hotel properties, including 2,565
guest rooms and 23 diners operating under the name Penny's Diner,
which were acquired in February 2013.
The initial portfolio is geographically diversified among 19 states
in the U.S., and management believes this comprises the largest
chain of crew lodging facilities presently serving the U.S. freight
railroad industry. The average age of the properties is
approximately 10 years (including major renovations).
During the first quarter of 2013, American Hotel Income
Properties REIT LP completed the transition of all hotel management
operations to an external hotel manager, TR Lodging Enterprises
Inc. The number of available rooms as of March 31, 2013 was 2,505, and the occupancy rate
for the 39-day period from February 20,
2013 to March 31, 2013 was
80.0%.
American Hotel Income Properties REIT LP was formed in 2012 and
is based in Vancouver, British
Columbia, Canada. Please visit www.ahipreit.com for
additional information.
Standard & Poor's Factual Stock Report coverage on American
Hotel Income Properties REIT LP will also be accessible on an
ongoing basis to the investment community by scores of buy-side
institutions and sell-side firms that utilize S&P Capital IQ
research and information platforms daily. Millions of self-directed
investors also have access to the report via their e-brokerage
accounts.
About Standard & Poor's Factual Stock Reports
Currently profiling approximately 500 issuers, Standard &
Poor's Factual Stock Reports, produced by S&P Capital IQ,
increase market awareness of issuers in the investment community
with insightful commentary and key statistics and
information. Standard & Poor's Factual Stock Reports
provide factual research coverage about company fundamentals and
business prospects, thereby enabling information about covered
companies to reach a wide investor audience of Buy and Sell-side
investors. Updated weekly with the latest pricing, trading volume,
and other data, the reports include recent developments, a
financial review, key operating information, industry and peer
comparisons, institutional holdings analysis, Street Consensus and
opinions, performance charts, business summary, fundamental data,
and news. Because coverage of these reports is underwritten by the
issuer, S&P Capital IQ does not offer investment opinions
concerning the advisability of investing in these stocks.
Standard & Poor's Factual Stock Reports are produced
separately from any other analytic activity of S&P Capital IQ
or related organizations. S&P Capital IQ does not trade
on its own account.
About S&P Capital IQ
S&P Capital IQ, a part of McGraw Hill Financial, is a
leading provider of multi-asset class and real time data, research
and analytics to institutional investors, investment and commercial
banks, investment advisors and wealth managers, corporations and
universities around the world. Evaluated pricing is prepared by
Standard & Poor's Securities Evaluations, Inc., a part of
S&P Capital IQ and a registered investment adviser with the
U.S. Securities and Exchange Commission. In the United
States, research reports are prepared by Standard & Poor's
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a registered investment adviser with the U.S. Securities and
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Contacts
American Hotel Income Properties
Andrew Greig, Investor
Relations
American Hotel Income Properties REIT LP
Suite 1660, 401 West Georgia Street
Vancouver, British Columbia, V6B
5A1, Canada
(604) 633-2857
agreig@ahipreit.com
or
S&P Capital IQ
Customers
Richard Albanese, 212-438-3647
richard.albanese@spcapitaliq.com
or
Media Relations
Michael Privitera, 212-438-6679
michael.Privitera@spcapitaliq.com
SOURCE S&P Capital IQ
