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American Hotel Income Properties REIT LP Announces Aimbridge Hospitality has Assumed Hotel Management Responsibilities
American Hotel Income Properties REIT LP Announces Aimbridge Hospitality has Assumed Hotel...
About this update from American Hotel Income Properties Reit Lp
[{"type":"text","content":"\n\n\n\n\nAmerican Hotel Income Properties REIT LP Announces Aimbridge Hospitality has Assumed Hotel Management Responsibilities\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, April 26, 2018\n\n\n\nVANCOUVER, April 26, 2018 /CNW/ - American Hotel Income Properties REIT LP (\"AHIP\") (TSX: HOT.UN, HOT.U and HOT.DB.U) is pleased to announce that the previously announced transfer of hotel management responsibilities to Aimbridge Hospitality (\"Aimbridge\") was completed on April 25, 2018.  Aimbridge, a leading U.S.-based hotel management company, is now responsible for operating all 115 of AHIP's hotels and has been working closely with ONE Lodging Management (\"ONE\"), AHIP's previous hotel manager, to ensure a seamless and well executed transition.\n\n\"We are very excited to begin working with Aimbridge as our new exclusive hotel manager, and to start realizing the benefits of their world class reporting systems, scale and purchasing power to improve margins and enhance unitholder value,\" said Ian McAuley, President, AHIP.  \"I would like to thank ONE's executives for helping us grow and upgrade our hotel portfolio over the past five years.  The entire ONE team was instrumental in integrating 115 properties onto our platform since our IPO, and we're very pleased to continue working with many of these highly experienced professionals and hotel associates through our new relationship with Aimbridge.\"\n\n\"We look forward to developing our relationship with AHIP and implementing strategies to optimize the guest experience at their hotels, positioning their properties for continued success, and driving higher margins,\" said Dave Johnson, CEO and Chairman, Aimbridge Hospitality.  \"AHIP's hotel portfolio is highly complementary to the other properties we already manage, with brand franchises and hotel standards well aligned with our expertise and established brand relationships.  AHIP is now one of our largest clients, and we fully appreciate the importance of building a trusted and collaborative relationship to drive...