American Hotel Income Properties REIT LP Announces CEO Change

Core Viewpoint - The American Hotel Income Properties REIT LP (AHIP) has appointed co-founder John O'Neill as the new Chief Executive Officer following the resignation of Jonathan Korol, with a focus on driving value for unitholders and maintaining operational excellence [1][2]. Company Overview - AHIP is a limited partnership that invests in hotel real estate properties across the United States, focusing on premium branded, select-service hotels located in secondary metropolitan markets [3]. - The company operates hotels under brands affiliated with Marriott, Hilton, and IHG Hotels through license agreements [3]. - AHIP's long-term objectives include increasing the value of its hotel properties through operational excellence, active asset management, and capital expenditures, as well as enhancing unitholder value and distributions [3]. Leadership Transition - John O'Neill's appointment is seen as a seamless transition due to his history with AHIP as a co-founder and previous CEO [2]. - The Board of Directors expressed gratitude towards Jonathan Korol for his leadership and wished him success in future endeavors [2]. Future Outlook - The company aims to focus on driving value for unitholders and is positioned strongly to move forward [2].