WhereDaily News: American Hotel Income Properties REIT LP Completes 24-Room Expansion of 100% Occupied Oak Tree Inn Hotel in Hermiston, Oregon

VANCOUVER, BC --(Marketwired - June 02, 2016) - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) (OTCQX: AHOTF) announced today the completion of its previously reported 24-room expansion at the existing, high occupancy, 62-room Oak Tree Inn hotel located in Hermiston, Oregon (the "Hermiston Property") for a total purchase price of US$1.9 million. AHIP funded the acquisition with cash-on-hand, its revolving line of credit and the issuance of US$900,000 (or 114,511 units) in AHIP units from treasury. The units were issued at Cdn$10.27 per unit, which represents the 5-day volume-weighted average trading price of the units on the Toronto Stock Exchange as of the close of trading on June 1, 2016.

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