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American Hotel Income Properties REIT LP to Host Second Quarter 2025 Results Conference Call on August 7, 2025
Globenewswire· 2025-07-22 23:00
Core Viewpoint - American Hotel Income Properties REIT LP (AHIP) is set to release its financial results for Q2 2025 on August 6, 2025, after market close, with a conference call scheduled for August 7, 2025, at 10:00 a.m. Pacific Time to discuss the results and answer analyst questions [1]. Company Overview - AHIP is a limited partnership focused on investing in hotel real estate properties across the United States, with a portfolio of premium branded, select-service hotels located in secondary metropolitan markets [3]. - The hotels operate under brands affiliated with Marriott, Hilton, and IHG Hotels through license agreements, benefiting from diverse and stable demand [3].
American Hotel Income Properties REIT LP Reports Voting Results of Annual and Special Meeting
Globenewswire· 2025-06-26 22:00
Group 1 - American Hotel Income Properties REIT LP (AHIP) held its annual and special meeting of unitholders where all nominated directors were elected for the upcoming year [1] - The voting results showed significant support for the directors, with Charles van der Lee receiving 80.61% of votes in favor, while Matthew Cervino had 59.58% [2] - The renewal of the Amended and Restated Securities-Based Compensation Plan was approved with 93.36% of unitholders voting in favor [2] - Amendments to the Amended and Restated Limited Partnership Agreement received 95.29% approval from unitholders [3] - The reconfirmation of the Amended and Restated Unitholder Rights Plan Agreement was also supported by 95.21% of unitholders [3] Group 2 - AHIP is a limited partnership focused on investing in hotel real estate properties across the United States, with a portfolio of premium branded, select-service hotels [4] - The hotels in AHIP's portfolio operate under well-known brands affiliated with Marriott, Hilton, and IHG Hotels [4]
American Hotel Income Properties REIT LP Reports Q1 2025 Results With 5.7% RevPAR Growth
Globenewswire· 2025-05-14 23:30
Core Insights - American Hotel Income Properties REIT LP (AHIP) reported financial results for Q1 2025, highlighting significant progress in debt reduction and portfolio enhancement through asset sales and refinancing [1][3]. Financial Performance - For Q1 2025, AHIP's revenue was $48.6 million, down from $65.3 million in Q1 2024 [32]. - The company reported a loss of $22.4 million for Q1 2025, compared to a loss of $9.5 million in the same period last year [32]. - Diluted Funds From Operations (FFO) per unit was $(0.02) for Q1 2025, compared to $0.03 in Q1 2024 [20]. - Average Daily Rate (ADR) increased by 3.1% to $135, while occupancy rose by 150 basis points to 67.9% [36][17]. - Revenue per Available Room (RevPAR) increased by 5.7% to $92 [36][17]. Debt Management and Refinancing - AHIP completed the sale of three hotel properties for gross proceeds of $41.2 million, with a blended capitalization rate of 6.9% [6][27]. - The company refinanced loans totaling $144.3 million, fully repaying its senior credit facility [6][9]. - AHIP has no debt maturing until Q4 2026, providing time to navigate macroeconomic uncertainties [6][14]. Asset Dispositions - In 2024, AHIP disposed of 16 hotel properties for total gross proceeds of $165.2 million, improving portfolio quality [13]. - Nine additional hotel properties are under purchase and sales agreements, expected to generate $49.7 million in gross proceeds [29][27]. Operational Metrics - Same property Net Operating Income (NOI) was $12.4 million for Q1 2025, a decrease of 2.8% compared to $12.7 million in Q1 2024 [18]. - Same property NOI margin was 27.7%, down 120 basis points from 28.9% in the prior year [18][19]. - The company plans to bring approximately 20 additional hotels to market in 2025 to enhance liquidity and manage future obligations [16]. Capital Improvements - AHIP's 2025 capital plan includes $6.9 million for property improvement plans and $7.5 million for furniture, fixtures, and equipment improvements [31][30].
American Hotel Income Properties REIT LP to Host First Quarter 2025 Results Conference Call on May 15, 2025
Globenewswire· 2025-05-08 00:00
Core Viewpoint - American Hotel Income Properties REIT LP (AHIP) is set to release its financial results for Q1 2025 on May 14, 2025, after market close, with a conference call scheduled for May 15, 2025, at 10:00 a.m. Pacific Time to discuss the results and answer analyst questions [1]. Group 1 - AHIP will announce its financial results for the quarter ended March 31, 2025, on May 14, 2025 [1]. - A conference call for discussing the financial results will take place on May 15, 2025, at 10:00 a.m. Pacific Time [1]. - Participants can register online to join the conference call, with a request to register at least 15 minutes prior to the start [2]. Group 2 - AHIP is a limited partnership focused on investing in hotel real estate properties across the United States [3]. - The portfolio consists of premium branded, select-service hotels located in secondary metropolitan markets with stable demand [3]. - AHIP operates hotels under brands affiliated with Marriott, Hilton, and IHG Hotels through license agreements [3].