WhereDaily News: American Hotel Income Properties REIT LP Announces US$7.5 Million Rail Portfolio Capital Investment Program and Commercial Marketing Strategy

VANCOUVER, BC--(Marketwired - April 29, 2016) - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN)(OTCQX: AHOTF) announced today the completion of the first phase of renovations at its 119-room Oak Tree Inn hotel located in Elko, Nevada (the "Elko Property") to convert 30 guest rooms into extended-stay rooms. This renovation is part of AHIP's strategic initiative to supplement its guaranteed rail crew revenue stream with additional commercial business at specifically targeted properties within its portfolio of Oak Tree Inn hotels (the "Rail Portfolio"). This strategy, which was implemented in 2015 and continues through 2016, has already generated significant increases in commercial occupied room-nights across the Rail Portfolio (up approximately 16% year-over-year to date) at average daily rates approximately 30% higher than contracted rail crew room rates.

Home | Contact Us | Advertise
Tour Operator Signup
Travel Agent Signup
Press Room | Link Partners
Legal | Privacy