Q1 2021 Occupancy of 60.2%, RevPAR of $57.01, Revenues of $46.7 million Sequential monthly gains in top-line performance culminated in April ADR & Occupancy of.
American Hotel Income Properties REIT LP Reports Fourth Quarter and Full Year 2020 Results
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Q4 2020 occupancy of 51.4%, RevPAR of $47.25, and revenues of $39.4 million
Q4 2020 diluted FFO per unit of ($0.07)
Occupancy levels improved significantly in February, to 59.9%; Upward trend in Occupancy has continued into March
$50 million strategic Preferred Equity investment, closed January 28, 2021, reduced leverage and enhanced liquidity
Amended credit facility provides waiver of covenants through December 31, 2021
(All numbers are in U.S. dollars unless otherwise indicated)
VANCOUVER, BC, March 10, 2021 /PRNewswire/ - American Hotel Income Properties REIT LP (
AHIP , or the
Company ) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announced today its financial results for the three months and year ended December 31, 2020.
American Hotel Income Properties REIT LP Announces US$50 Million Strategic Investment by BentallGreenOak and Highgate & Amendments to its Corporate Credit Facility
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Enhances AHIP s liquidity, reduces leverage and positions Company for growth opportunities
Extension of waivers and covenants on corporate credit facility
All amounts in U.S. dollars unless otherwise noted
VANCOUVER, BC, Jan. 28, 2021 /PRNewswire/ - American Hotel Income Properties REIT LP (
AHIP or the
Company ) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that BentallGreenOak Real Estate Advisors LP (
BentallGreenOak ) and Highgate Capital Investments, LP (
Highgate ) through HCI-BGO Victoria JV LP (the