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American Hotel Income Properties REIT LP Completes $5.6 Million of Renovations at the Embassy Suites Cleveland and the Towneplace Suites Chattanooga
American Hotel Income Properties REIT LP Completes $5.6 Million of Renovations at the Emba...
About this update from American Hotel Income Properties Reit Lp
[{"type":"text","content":"\n\n\n\nAmerican Hotel Income Properties REIT LP Completes $5.6 Million of Renovations at the Embassy Suites Cleveland and the Towneplace Suites Chattanooga\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, Dec. 11, 2019\n\n\n\n(All numbers are in U.S. dollars unless otherwise indicated)\n VANCOUVER, Dec. 11, 2019 /CNW/ - American Hotel Income Properties REIT LP (\"AHIP\", the \"Company\") (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has recently completed approximately $4.5 million of renovations at the Embassy Suites by Hilton Cleveland Rockside (Independence, OH) and $1.1 million of renovations at the TownePlace Suites Chattanooga near Hamilton Place (Chattanooga, TN).  Projects at both properties were completed on time and on budget.\n\"We're very pleased to have these hotel renovations finished – especially at the Embassy Suites Cleveland Rockside property, as it completes the transformation of our five Embassy Suites branded hotels, which are the largest properties in our hotel portfolio,\" said John O'Neill, CEO.  \"We anticipate any future hotel renovation activity will be less disruptive to our overall portfolio performance going forward.\"\nRenovations at the 271-guestroom Embassy Suites by Hilton Cleveland Rockside totaled $4.5 million and included a completely rebuilt modern atrium, lobby restaurant and breakfast buffet; upgrades to all guestroom bathrooms; and, enhancements and updates to the hotel's meeting room facilities.  All guestrooms at this property were previously renovated in 2017.  As a result, the entire hotel has now been completely updated in the past two years.\nRenovations at the 87-suite TownePlace Suites Chattanooga near Hamilton Place totaled $1.1 million and included new furniture and décor throughout the lobby, breakfast area, meeting rooms and corridors.  All guestrooms were also updated with new bedding, seating areas, window treatments, lighting, wall finishes, and artwork.\nThree other hotels in AHIP's portfolio are currently under renovation:...