Dear Pat: Please provide me your comments on American Hotel Income Properties REIT. I have been given a recommendation to buy this REIT for growth and income. Thank you.
American Hotel Income Properties REIT, $10.85, symbol HOT.UN on Toronto (Units outstanding: 10.4 million; Market cap: $112.8 million, www.ahipreit.com), began trading in February 2013, after it sold 10.1 million units to the public at $10.00 each. The offering raised $101.1 million.
The real estate investment trust used the proceeds to help pay for its first acquisition: 32 hotels, comprising 2,565 rooms, that mainly house railroad employees in 19 U.S. states. All of these hotels operate under the Oak Tree Inn brand, with the exception of one Best Western. The purchase price was $141 million.
American Hotel believes this is a profitable niche market and plans to keep making similar acquisitions. The REIT feels that these hotels’ contracts with large railways will keep occupancy rates high relative to the overall hospitality industry. The hotels are close to large rail switching yards and hubs, and the railways guarantee to keep them about 74% occupied. The buildings are specially designed and feature crew shuttles,…
Privacy Policy and Terms of Use
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Does TSI Network Use the Information It Receives?
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COMMENTS: TERMS OF USE
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As discussed, you can always choose not to provide information even though it might be needed to make a purchase or to take advantage of TSI Network features.
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
The contents of this web site and our publications are based upon sources of information believed to be reliable, but no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion reflects the Successful Investor’s judgment at the date of publication and neither the Successful Investor, nor any of its affiliated companies, nor any of their officers, directors or employees, accepts any responsibility in respect of the information or recommendations contained in the publications or on this web site. Moreover, the information or recommendations are subject to change without notice.
Information presented on this web site or contained in our publications is not an offer, nor a solicitation, to buy or sell any securities referred to on the web site or in the publications. The material is general information intended for recipients who understand the risks associated with an investment in any securities referred to in the publications or on this web site. The Successful Investor has made no determination regarding whether an investment, course of action, or associated risks are suitable for the recipient.
