American Hotel Income Properties REIT LP Reviewing Strategic Alternatives
The board of American Hotel Income Properties REIT LP (HOT-UN.TO) has initiated a review of strategic alternatives to "maximize unitholder value", the company said Monday."AHIP has been making good progress on our plan to sell assets, reduce debt and strengthen our balance sheet," said John O'Neill, Chief Executive Officer. "As dispositions completed in 2025 and 2026 to date continue to demonstrate value for our portfolio beyond AHIP's current unit price, the Board is exploring strategic alternatives to bridge that gap."AHIP said it has not established a definitive timeline to complete the strategic review or any potential transaction and no decisions have been reached at this time. It added there can be no assurance that the engagement of financial advisor Baird or the strategic review will result in any transaction or initiative or, if a transaction or initiative is undertaken, as to the terms or timing of such a transaction or initiative. AHIP does not currently intend to disclose further developments in connection with or arising from the strategic review or in connection with any transaction, initiative or related matter, unless and until it is determined that disclosure is necessary or appropriate.Shares in AHIP edged up in Canada last Friday.