News & Events

Exchange Bulletin

American Hotel Income Properties REIT LP To Trade On Toronto Stock Exchange

February 15, 2013

American Hotel Income Properties REIT LP (the “REIT”) – An application has been granted for the original listing in the Industrial category of 10,405,000 limited partnership units (the “Units”) of which 9,970,000 Units will be issued and outstanding and 435,000 Units will be reserved for issuance.

Listing of the Units will become effective at 5:01 p.m. on Tuesday, February 19, 2013 in anticipation of the public offering (the “Offering”) closing on Wednesday, February 20, 2013.

Symbol: “HOT.UN”CUSIP: 026695 10 6 Trading Currency: CDN$

Temporary
Market Maker:W.D. Latimer Co. Limited

Other Markets:None

Registrations and transfers of Units will be effected electronically through the non-certificated inventory system administered by CDS Clearing and Depository Services Inc. (“CDS”). Beneficial owners of Units will not, except in certain limited circumstances, be entitled to receive physical certificates evidencing their ownership of Units. A subscriber who purchases Units will receive only a customer confirmation from the registered dealer from or through whom Units are purchased and who is a CDS participant.

Additional information on the Units may be found in the REIT's prospectus dated February 12, 2013 (the “Prospectus”), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Head Office
Address:Suite 1690
401 West Georgia St.
Vancouver, BC
V6B 5A1

Head Office
Telephone Number:(604) 684-0444

Fax Number:(604) 684-9482

Email Address:info@ahipreit.com

Website:www.ahipreit.com

Investor Relations:Robert O'Neill
(604) 684-0444
roneill@oneillhotels.com

Chief Financial Officer
and Corporate Secretary:Robert Hibberd

Incorporation:The REIT is a limited partnership formed under the Limited Partnerships Act (Ontario) on October 12, 2012 and governed by the REIT LP Agreement.

Fiscal Year End:December 31

Nature of Business:The REIT was formed to indirectly own and acquire hotel properties in the United States. The initial portfolio of properties will be comprised of 32 hotels in 19 states.

Transfer Agent &
Registrar for the Units:Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto.

Distributions:The REIT intends to adopt a distribution policy pursuant to which it will make regular monthly cash distributions to Unitholders. The initial cash distribution will be for the period from and including the date of closing of the Offering to March 31, 2013, is expected to be paid on April 15, 2013 to Unitholders of record on March 29, 2013 and is estimated to be Cdn$0.096 per Unit. Distributions will be paid to Unitholders of record at the close of business on the last business day of a month on or about the 15th day of the following month. The REIT intends to make subsequent monthly distributions in the estimated amount of $0.075 per Unit commencing May 15, 2013.

Public Offering:Pursuant to the terms of the Prospectus, 9,570,000 Units (including the partial exercise of the overallotment option) are being offered to the public at a price of $10.00 per Unit by Canaccord Genuity Corp., National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., Dundee Securities Ltd., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Burgeonvest Bick Securities Limited and Haywood Securities Inc. as underwriters.