NEW YORK, July 24, 2013 /PRNewswire/ -- S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on American Hotel Income Properties REIT LP.
American Hotel Income Properties REIT LP (Toronto Stock Exchange: HOT.UN; OTCQX: AHOTF) 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. The partnership's long-term objectives are to generate stable and growing cash distributions from hotel properties substantially in the U.S.; enhance the value of its assets and maximize the long-term value of the hotel properties through active management; and expand its asset base and increase its Adjusted Funds From Operations per Unit through an accretive acquisition program, participation in strategic development opportunities and improvements to its properties through targeted value-added capital expenditure programs.
American Hotel Income Properties REIT LP's initial portfolio consists of 32 fully operational hotel properties, including 2,565 guest rooms and 23 diners operating under the name Penny's Diner, which were acquired in February 2013. The initial portfolio is geographically diversified among 19 states in the U.S., and management believes this comprises the largest chain of crew lodging facilities presently serving the U.S. freight railroad industry. The average age of the properties is approximately 10 years (including major renovations).
During the first quarter of 2013, American Hotel Income Properties REIT LP completed the transition of all hotel management operations to an external hotel manager, TR Lodging Enterprises Inc. The number of available rooms as of March 31, 2013 was 2,505, and the occupancy rate for the 39-day period from February 20, 2013 to March 31, 2013 was 80.0%.
American Hotel Income Properties REIT LP was formed in 2012 and is based in Vancouver, British Columbia, Canada. Please visit www.ahipreit.com for additional information.
Standard & Poor's Factual Stock Report coverage on American Hotel Income Properties REIT LP will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
Currently profiling approximately 500 issuers, Standard & Poor's Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor's Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.
About S&P Capital IQ
S&P Capital IQ, a part of McGraw Hill Financial, is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. Evaluated pricing is prepared by Standard & Poor's Securities Evaluations, Inc., a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. In the United States, research reports are prepared by Standard & Poor's Investment Advisory Services LLC, a part of S&P Capital IQ and a registered investment adviser with the U.S. Securities and Exchange Commission. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need. For more information visit: www.spcapitaliq.com.
American Hotel Income Properties
Andrew Greig, Investor Relations
American Hotel Income Properties REIT LP
Suite 1660, 401 West Georgia Street
Vancouver, British Columbia, V6B 5A1, Canada
S&P Capital IQ
Richard Albanese, 212-438-3647
Michael Privitera, 212-438-6679
SOURCE S&P Capital IQ