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American Hotel Income Properties REIT LP Announces Completion of $5.3 Million of Renovations at Two Florida Properties
American Hotel Income Properties REIT LP Announces Completion of $5.3 Million of Renovatio...
About this update from American Hotel Income Properties Reit Lp
[{"type":"text","content":"\n\n\n\nAmerican Hotel Income Properties REIT LP Announces Completion of $5.3 Million of Renovations at Two Florida Properties\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, Jan. 8, 2020\n\n\n\n(All numbers are in U.S. dollars unless otherwise indicated)\n VANCOUVER, Jan. 8, 2020 /CNW/ - American Hotel Income Properties REIT LP (\"AHIP\", the \"Company\") (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce $5.3 million of renovations have recently been completed at two Florida hotels: approximately $2.7 million of renovations at the 111-guestroom Holiday Inn Express & Suites Fort Myers East – The Forum and approximately $2.6 million of renovations at the 101-guestroom Holiday Inn Express & Suites Sarasota I-75. Both properties will celebrate ribbon-cutting celebrations with industry representatives and local officials later this month.\n\"These two hotel renovations mark the completion of our 2019 property improvement plan, with major upgrades at ten of our hotels accomplished in the past 12 months totaling over $25 million of property investment – significantly improving the guest experience at these hotels, and further enhancing their market position,\" said John O'Neill, CEO. \"The renovations at these two larger Florida hotels were accomplished on time and on budget, with the properties offering the latest guest comforts in time for the busy winter and holiday season.\"\nBoth of these hotels were transformed following the Holiday Inn Express 'Formula Blue' design and renovation program and included guestroom updates, with new carpets, wall coverings, window treatments, lighting, artwork, beds and furniture. Guestroom bathrooms were also entirely redesigned with new flooring, tub-surrounds, mirrors, vanities and lighting fixtures. In addition, the lobbies and front desk facilities were completely renovated, the breakfast rooms were updated – complete with new buffet counters, and the fitness centers were modernized – including new fitness equipment. All hotel corridors were also remode...