VANCOUVER, April 29, 2013 /PRNewswire/ - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) announced today that it has entered into an agreement with Dan Miller of Lodging & Leisure Investment Advisors, LLC (a Texas limited liability company) to lead AHIP's acquisitions efforts.
"Dan Miller is well known and respected in the U.S. hotel transaction world and comes to AHIP with an impressive track record and a broad range of experience" said Mr. Rob O'Neill, Chief Executive Officer of AHIP. "We are excited for him to join us as Chief Investment Officer to advance our growth initiatives in the U.S."
Over an impressive 30 year career in the hospitality industry, Mr. Miller has been involved in acquisitions, development and capital transactions with some of the U.S. hospitality industry's best known businesses, including Felcor Lodging Trust, Kimpton Hotels, Accor North America, Embassy Suites, and Marriott Corporation. Mr. Miller has handled over $1 billion of hotel transactions and comes with a broad network of contacts among hotel owners, developers, lenders, brokers and other third party providers.
Mr. Miller holds a B.S. in Hotel Administration from Cornell University, and an MBA from Southern Methodist University.
About Lodging & Leisure Investment Advisors, LLC
Lodging & Leisure Investment Advisors (LLIA) helps hotel owners, management companies, lenders and investors with various challenges including acquisitions, management contracts, asset management, portfolio strategy, and distressed asset solutions. Additional information is available at www.lliadvisors.com.
About American Hotel Income Properties REIT LP
AHIP is a limited partnership formed under the Limited Partnership Act (Ontario) to invest in hotel real estate properties located substantially in the United States and engaged primarily in the railroad employee accommodation, transportation, and contract-focused lodging sectors. AHIP's long-term objectives are to: (i) generate stable and growing cash distributions from hotel properties substantially in the US; (ii) enhance the value of its assets and maximize the long-term value of the hotel properties through active management; and (iii) expand its asset base and increase its Adjusted Funds From Operations ("AFFO") per Unit through an accretive acquisition program, participation in strategic development opportunities and improvements to its properties through targeted value-added capital expenditure programs.
SOURCE American Hotel Income Properties REIT LP