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American Hotel Income Properties REIT LP Increases Liquidity Under Revolving Credit Facility

2023-12-01 00:38:19.736000

In a separate development, American Hotel Income Properties REIT LP has announced increased liquidity under its revolving credit facility (RCF). Following the completion of new hotel appraisals, the appraised value of the Borrowing Base Properties has resulted in maximum borrowing availability under the RCF. The increased liquidity will be used by AHIP to pursue the disposition of non-core assets, pay down debt, and invest in new acquisitions. AHIP is a limited partnership that invests in hotel real estate properties across the United States. The company's portfolio consists of premium branded, select-service hotels located in secondary metropolitan markets. The hotels operate under brands affiliated with Marriott, Hilton, IHG, and Choice Hotels. AHIP's long-term objectives are to deliver monthly U.S. dollar denominated distributions to unitholders and generate value through the growth of its diversified hotel portfolio. [359ea978]

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