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American Hotel Income Properties REIT LP (T:HOT.UN)

Business Focus: N/A

Sector:  Real Estate Industry:  Specialized REITs
See Regulatory Filings on SEDAR
Company Contact
Address: 800 - 925 West Georgia Street
Tel: N/A
IR: See website
Key People
Jonathan Bruce Korol
Chief Executive Officer
D. Travis Beatty
Chief Financial Officer, Company Secretary
Bruce Douglas Pittet
Chief Operating Officer
Business Overview
American Hotel Income Properties REIT LP is a Canada-based limited partnership company that invests in hotel real estate properties across the United States. The Company is engaged primarily in growing a portfolio of branded, select-service hotels in larger secondary markets with diverse and typically stable demand generators. The Company's hotel portfolio consists of branded hotels, which are select-service hotel properties that have franchise agreements with international hotel brands, including Marriott International Inc. (Marriott), Hilton Worldwide (Hilton), InterContinental Hotels Group (IHG) and Choice Hotels International Inc. (Choice). The Company owns approximately 78 branded hotels with a total of 8,801 guestrooms located in 22 states across the United States. Its properties are located in New Jersey, Pittsburgh, Tennessee and Virginia.
Financial Overview
For the nine months ended 30 September 2022, American Hotel Income Properties REIT LP revenues increased 20% to $213.6M. Net income before extraordinary items totaled $7.1M vs. loss of $469K. Revenues reflect Occupancy - % Branded Hotels increase of 5% to 69.5%, Daily Room Rate (ADR) - Average-Branded increase of 15% to $123, Rooms increase of 18% to $202.7M, Food, beverage and other increase of 74% to $10.9M.
Employees: 8 as of Dec 31, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $1,190M as of Sep 30, 2022
Annual revenue (TTM): $370.34M as of Sep 30, 2022
EBITDA (TTM): $99.35M as of Sep 30, 2022
Net annual income (TTM): -$10.77M as of Sep 30, 2022
Free cash flow (TTM): $20.18M as of Sep 30, 2022
Net Debt Last Fiscal Year: $913.54M as of Sep 30, 2022
Shares outstanding: 78,776,949 as of Oct 18, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization