VANCOUVER — American Hotel Income Properties REIT LP (AHIP) has completed its public offering of 10,000,400 limited-partnership units.

The offering, conducted on a bought-deal basis at a price of $10.35 per unit, resulted in total gross proceeds of $103.5 million.

AHIP intends to use the net proceeds of the offering to:

  • partially fund the acquisition of two Embassy Suites by Hilton hotels located in Dallas, Texas and Tempe, Ariz.
  • partially fund the potential acquisition of a nine-property, branded hotel portfolio
  • partially fund the potential acquisition of two rail crew lodging facilities
  • fund working capital and for general corporate purposes

“We are pleased to have the support of both equity and debt markets as we continue to actively pursue a robust pipeline of high-quality rail crew and branded hotels throughout the U.S.,” says Rob O’Neill, CEO.


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