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AHIP declares distributions of CAD0.075 per unit for February 2016.

M2 EQUITYBITES-February 17, 2016-AHIP declares distributions of CAD0.075 per unit for February 2016

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American Hotel Income Properties REIT LP (AHIP) (TSX:HOT.UN) (OTCQX:AHOTF) on Tuesday released a cash distribution of CAD0.075 per limited partnership unit (unit) for February 2016, from 1 February to 29 February.

This distribution equals an annual rate of CAD0.90 per unit and will be paid on 15 March 2016 to unit holders of record at the close of business on 29 February 2016.

A limited partnership, AHIP acquires and operates hotel real estate properties in the US, mainly in the railway employee accommodation, transportation and contract-focused lodging sectors. It has a portfolio of 32 hotel properties in 19 states under the Oak Tree Inn brand and 23 restaurants under the Penny's Diner brand name as well.

American Hotel Income Properties REIT (GP) Inc operates as the general partner of the company that was founded in 2012 and is based in Vancouver, Canada.

(USD1=CAD1.39)

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Publication:M2 EquityBites (EQB)
Date:Feb 17, 2016
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