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VANCOUVER, British Columbia, May 21, 2026 (GLOBE NEWSWIRE) — American Hotel Income Properties REIT LP (“AHIP”, or the “Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB. V) announced today that the board of directors of AHIP’s general partner (the “Board”) has called an annual and special meeting of unitholders of AHIP (“Unitholders”) to be held on June 18, 2026 (the “Meeting”). The information circular and voting-related materials for the Meeting are being mailed to Unitholders and are also available under AHIP’s profile on SEDAR+ at www.sedarplus.ca and on AHIP’s website at https://www.ahipreit.com.
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In addition to usual annual meeting business, Unitholders will be asked at the Meeting to consider and approve amendments to AHIP’s Amended and Restated Limited Partnership Agreement (the “LP Agreement”) that would provide the Board with the ability to execute efficiently and decisively on its strategic objective to maximize value for Unitholders.
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AHIP successfully sold seven hotel properties in 2026 to date for total gross proceeds of $111.8 million, which includes the completion of the sale of four hotels on May 20, 2026 that were previously disclosed to be under contract for sale. These sales along with the hotel sales completed in 2025 have demonstrated, in aggregate, value for AHIP’s portfolio in excess to what the Board believes is indicated by AHIP’s current Unit price. As a result, on May 4, 2026, AHIP announced that the Board had initiated a review of strategic alternatives (the “Strategic Review”) to maximize Unitholder value and that Robert W. Baird & Co. Incorporated had been retained as financial advisor to advise AHIP in connection with its Strategic Review. These alternatives may include individual hotel sales, portfolio transactions, refinancing opportunities, the sale of substantially all of AHIP’s remaining assets, or other strategic initiatives.
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Under AHIP’s current LP Agreement, Unitholders are required to approve of a sale of all or substantially all of AHIP’s assets which may materially delay any potential transaction and could dissuade interested parties from pursuing a transaction with AHIP. The proposed amendments to the LP Agreement are intended to ensure the Board can act swiftly if attractive opportunities emerge, without unnecessary delays, increased execution risk or the expense associated with convening additional Unitholder meetings. The Board believes this is important to maximize value for all Unitholders and positions AHIP to respond effectively to market opportunities as they arise.
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The Board unanimously believes the proposed amendments to the LP Agreement are in the best interests of AHIP and Unitholders and recommends that Unitholders vote FOR the proposed amendments.
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ABOUT
AMERICAN
HOTEL
INCOME
PROPERTIES
REIT
LP
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American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP’s portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, and IHG Hotels through license agreements.
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