VANCOUVER, BC, March 19, 2021 /CNW/ - American Hotel Income
Properties REIT LP ("AHIP" or the "Company") (TSX:
HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) announced today the departure of
Azim Lalani, Chief Financial Officer
("CFO"), to pursue other opportunities effective
March 18, 2021.
"I would like to thank Azim for his diligent work and greatly
appreciate all his contributions through his tenure at AHIP," said
Jonathan Korol, Chief Executive
Officer. "He was integral in growing the Company, strengthening its
balance sheet and building out our accounting and finance
team. On behalf of AHIP's Board of Directors and management,
we wish him the best in his future endeavours."
"It has been a privilege to work alongside the entire AHIP team
and to have been a part of the Company's growth story," said Mr.
Lalani. "I am confident that AHIP will remain on a solid path
The Company will be initiating a broad search for a new CFO
immediately, including external candidates. Anne Yu, AHIP's Vice President, Finance, will
act as interim CFO.
ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP
American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX:
HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to
invest in hotel real estate properties across the United States. AHIP's 78 premium branded,
select-service hotels are located in secondary metropolitan markets
that benefit from diverse and typically stable demand. AHIP hotels
operate under brands affiliated with Marriott, Hilton, IHG and
Choice Hotels through license agreements. The Company's
long-term objectives are to build on its proven track record of
successful investment, deliver U.S. dollar denominated
distributions to unitholders, and generate value through the
continued growth of its diversified hotel portfolio. More
information is available at www.ahipreit.com.
SOURCE American Hotel Income Properties REIT LP