American Hotel Income Properties REIT LP Announces August 2023 U.S. Dollar Cash Distribution

(numbers are in U.S. dollars unless otherwise indicated)

VANCOUVER, British Columbia, Aug. 15, 2023 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, HOT.U, and HOT.DB.V) announces a U.S. dollar cash distribution of $0.015 per limited partnership unit (“Unit”) for August 2023, which is equivalent to U.S. dollar $0.18 per Unit on an annualized basis. The distribution will be paid on September 15, 2023 to unitholders of record at the close of business on August 31, 2023.

AHIP intends 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.

Additional information on AHIP’s distributions can be found on our website at www.ahipreit.com.

ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP

American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP’s premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and typically stable demand. AHIP’s hotels operate under brands affiliated with Marriott, Hilton, IHG and Choice Hotels through license agreements. The Company’s long-term objectives are to build on its proven track record of successful investment, deliver monthly U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hotel portfolio. More information is available at www.ahipreit.com.

FORWARD-LOOKING INFORMATION

Certain statements in this news release may constitute “forward-looking information” within the meaning of applicable securities laws (also known as forward-looking statements). Forward looking information involves known and unknown risks, uncertainties and other factors, and it may cause actual results, performance or achievements or industry results, to be materially different from any future results, performance or achievements or industry results expressed or implied by such forward-looking information. Forward-looking information generally can be identified by the use of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “feel”, “intend”, “may”, “plan”, “predict”, “project”, “subject to”, “will”, “would”, and similar terms and phrases, including references to assumptions. Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to: the payment of the current distribution; AHIP’s intention to pay future cash distributions on or about the 15^th day of each month to the unitholders of record on the last trading day of the preceding month; and AHIP’s stated long-term objectives.