American Hotel Income Properties Reit Lp · TSX:HOT.U
American Hotel Income Properties Reit Lp — Investor Presentation (June 2025)
22 slides from American Hotel Income Properties Reit Lp's investor presentation, June 2025
Slide 1: Investor Presentation
Investor Presentation June 2025 | TSX: HOT.UN (C$) | TSX:HOT.U (US$) | HOT.DB.V (US$) Hilton Garden Inn - Milford
Slide 2: Legal Disclaimer
Legal Disclaimer General This presentation is provided for informational purposes only and is not, and under no circumstances is it to be construed as, an offer to sell any of the securities described herein or a solicitation of an offer to buy any of the securities described herein in any jurisdict
Slide 3: Why Invest in AHIP
Why Invest in AHIP Value Proposition Commentary • Analyst NAV of ~$C1.30(1) is at a significant premium to current unit price Undervalued • Q4-2024 appraisals demonstrate current market valuation is significantly discounted to portfolio value at current unit price • Dispositions have high graded the
Slide 4: Initiatives to Strengthen Financial Position and Preserve Unitholder Value
Initiatives to Strengthen Financial Position and Preserve Unitholder Value The AHIP Board together with management, have implemented a plan to strengthen AHIP’s financial position and to preserve unitholder value. Initiatives, and progress made to date, are outlined below: 2025 Refinancing & Repayme
Slide 5: Hotel Overview
Hotel Overview Premium Branded Geographically Affiliation with High-Quality Select-Service Diversified Leading Global Portfolio Hotels Suburban Drive-to Hotel Brands Locations 38 15 core brand ~7 years(1) average age hotels states families 4,537 29 12 >$160 million capex since IPO keys cities brand
Slide 6: AHIP's Portfolio Footprint
AHIP’s Portfolio Footprint YE-2023 Portfolio Current Portfolio (69 Assets) (38 Assets) Property Type(1) Property Type(1) Embassy Embassy Suites 22% Suites 17% Select Service Extended Stay Select Service 43% 31% 52% Extended Stay 35% Geographic Breakdown by Room Geographic Breakdown by Room Focused o
Slide 7: Strong Brand Recognition
Strong Brand Recognition AHIP’s core portfolio has long-term brand affiliation with three of the largest global hotel companies Guestrooms by Brand 4 hotels Holiday Inn Express Staybridge Suites 15 hotels Embassy Suites Hampton Inn Homewood Suites Hilton Garden Inn Home2 Suites 19 hotels Residence I
Slide 8: Experienced Management Team
Experienced Management Team Relevant Experience Accomplishments • Led portfolio improvements, refinancing and sales of non-core assets Jonathan Korol • AHIP CEO October 2020-present • As President of SilverBirch, full accountability for asset management and property operations • SilverBirch Hotels &
Slide 9: Portfolio Overview
Portfolio Overview Asset Management Strategy Courtyard by Marriott – Bismarck
Slide 10: Dedicated Asset Management Team
Dedicated Asset Management Team Asset Management Initiatives Portfolio Analytics Active Asset Management Portfolio / Capex Planning Brand Relationships • Evaluate asset and • Comprehensive • Repositioning and • Increase brand portfolio performance review of all AHIP rebranding engagement assets oppo
Slide 11: Benefits of Premium Branded Select-Service Hotels
Benefits of Premium Branded Select-Service Hotels Focused Operating Model Benefit from Brand Partnerships Wide Array of Demand Generators • Lean operating model with • High-quality branded hotels that • Business revenues primarily driven from appeal to multiple market rooms segments • Leisure • Limi
Slide 12: Strategic Investment by BGO & Highgate
Strategic Investment by BGO & Highgate Q1-2021 Transaction Description Strategic Partner Overview • BentallGreenOak and Highgate made a $50 million strategic investment in AHIP • Preferred equity stock and warrants • Investors have appointed two board members to AHIP’s Board of Directors • Industry
Slide 13: Operational & Financial Summary
Operational & Financial Summary Homewood Suites by Hilton – Kalamazoo
Slide 14: Recent Performance vs Peers
Recent Performance vs Peers Q1-2025 RevPAR $200.00 1.02x 1.03x 1.04x 1.01x 0.99x 1.03x 1.10x $180.00 $160.00 $141.23 $132.71 $127.00 $140.00 $124.99 $111.36 $96.67 $120.00 $100.00 0.55x $80.00 $60.00 $40.00 $20.00 $0.00 RLJ AHT CLDT INN APLE HOT 0.00x AHIP in-line with peers RevPAR vs. 2024 from a t
Slide 15: Operating Trend: Occupancy and ADR
Operating Trend Occupancy Trend 2023/2024 2024/2025 YoY 1.05x 1.04x 1.03x 100% 1.01x 1.05x 75% 0.80x Occupancy (%) 50% 0.55x 25% 0.30x -- 0.05x Q2-2024 Q3-2024 Q4-2024 Q1-2025 ADR Trend YoY Occupancy growth has 2023/2024 2024/2025 YoY outpaced ADR growth in 1.03x $150 1.01x 1.01x 0.99x 1.05x recent
Slide 16: Operating Trend (cont'd)
Operating Trend (cont’d) RevPAR Trend 2023/2024 2024/2025 YoY 1.08x $120 1.10x 1.02x 1.05x 1.03x $80 0.95x RevPAR ($) $40 0.80x Strong RevPAR growth driven primarily by -- Q2-2024 Q3-2024 Q4-2024 Q1-2025 0.65x Occupancy; margins remain under pressure GOP(1) Trend due to challenging 2023/2024 2024/20
Slide 17: Disciplined Approach to Capex Investment
Disciplined Approach to Capex Investment 2016 - 2019 2020 - 2021 2022+ AHIP made significant AHIP deferred a number of 2022/2023 saw a return to normalized capital spending levels investment in hotels to capital projects to preserve cash • AHIP spent $29 million in total capital in 2022 and another
Slide 18: Leverage Overview
Leverage Overview Debt Strategy Plan to reduce leverage over time through a combination of strategic factors • Improve asset valuation with hotel operations driving hotel NOI • Selective dispositions of non-core assets to enhance liquidity and reduce leverage Net Debt / EV Debt-to-Gross Book Value(1
Slide 19: Balance Sheet Snapshot
Balance Sheet Snapshot • Unrestricted cash balance of $17.8 million • Restricted cash balance of $30.5 million Debt Maturity Schedule(1) ($ millions) • $24.7 million available under the Portfolio CMBS Portfolio Loan Convertible Debentures Loan for capital improvements related to the properties secur
Slide 20: Appendix
Appendix www.ahipreit.com info@ahipreit.com (604) 630 - 3134 810-925 West Georgia Street, Vancouver BC V6C 3L2 Canada TownePlace Suites by Marriott – Pittsburgh
Slide 21: Financial Snapshot
Financial Snapshot 2023 Annual Results 2022 2024 (Restated) Number of Guestrooms 8,024 7,790 5,445 Revenue (‘000) $281,367 $280,521 $256,884 EBITDA (‘000)(1) $71,293 $64,733 $59,456 EBITDA Margin(2) 25.3% 23.1% 23.1% Normalized FFO per Unit - $0.38 $0.36 $0.19 Diluted(2) Debt-to-Gross Book Value(3)
Slide 22: Non-IFRS Measures
Non-IFRS Measures Certain non-IFRS financial measures and non-IFRS ratios are included in this presentation. The non-IFRS financial measures used in this presentation include FFO and EBITDA, the non-IFRS ratios used in this presentation include Normalized FFO per Unit – Diluted, EBITDA Margin, and H
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