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American Hotel Income Properties REIT LP Reports Q2 2025 Results with 2.9% RevPAR Growth and Provides Corporate Update
VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- American Hotel Income Properties R...
About this update from American Hotel Income Properties Reit Lp
[{"type":"text","content":"American Hotel Income Properties REIT LP Reports Q2 2025 Results with 2.9% RevPAR Growth and Provides Corporate Update\n\n\n\n VANCOUVER, British Columbia, Aug. 06, 2025 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“\n \n AHIP\n \n ”, or the “\n \n Company\n \n ”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB. V), today announced its financial results for the three and six months ended June 30, 2025.\n \n\n All amounts presented in this news release are in United States dollars (“\n \n U.S. dollars\n \n ”) unless otherwise indicated.\n \n\n\n 2025 SECOND QUARTER HIGHLIGHTS\n \n\n\n\n Diluted FFO per unit\n \n (\n \n\n 1)\n \n and normalized diluted FFO per unit\n \n (\n \n\n 1)\n \n were $0.06 for the second quarter of 2025, compared to $0.12 and $0.10 respectively, for the same period of 2024.\n \n\n ADR\n \n (\n \n\n 1)\n \n increased 2.2% to $140 for the second quarter of 2025, compared to $137 for the same period of 2024.\n \n\n Occupancy\n \n (\n \n\n 1)\n \n was 75.7% for the second quarter of 2025, an increase of 30 bps compared to 75.4% for the same period of 2024.\n \n\n RevPAR\n \n (\n \n\n 1)\n \n increased by 2.9% to $106 for the second quarter of 2025, compared to $103 for the same period of 2024.\n \n\n Same property NOI was $15.1 million for the second quarter of 2025, a decrease of 5.4% compared to $15.9 million for the same period of 2024.\n \n\n Same property NOI margin was 32.9% for the second quarter of 2025, a decrease of 150 bps compared to 34.4% for the same period of 2024.\n \n\n Completed the dispositions of eight hotel properties during the quarter for total gross proceeds of $32.2 million at a blended Cap Rate of 6.9% on 2024 annual hotel EBITDA.\n \n\n AHIP has no debt maturities until the fourth quarter of 2026.\n \n\n AHIP intends to continue its strategy to sell hotel properties to enhance liquidity, reduce debt and manage future financial obligations with approximately 20 hotels currently being marketed.\n \n\n\n\n “AHIP continues to make significant progress on our plan to reduce debt and high-grade the portfolio through asset sales and loan refinancings,” said Jonathan Korol, CEO. “In 2025, AHIP completed the dispositions of 11 hotel properties for total gross proceeds of $73.5 million. AHIP currently has 2 further hotel pro...