American Hotel Income Properties REIT LP Files Preliminary Prospectus for Initial Public Offering

/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

VANCOUVER, Jan. 15, 2013 /CNW/ - American Hotel Income Properties REIT LP ("AHIP") announced today that it has filed, and obtained a receipt for, a preliminary prospectus for the initial public offering of limited partnership units ("Units") with the securities commissions of all provinces and territories in Canada. The proposed offering is being underwritten by a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc. and including TD Securities Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., Dundee Securities Ltd., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Burgeonvest Bick Securities Limited and Haywood Securities Inc.

The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory. Copies of the preliminary prospectus will be available on SEDAR at www.sedar.com.

Completion of the initial public offering is subject to, and conditional upon, the receipt of all necessary approvals, including regulatory approvals.

These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States of America without registration or an applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America.

About American Hotel Income Properties REIT LP

AHIP has been formed to indirectly own and acquire hotel properties in the United States. On closing of the initial public offering, AHIP will indirectly acquire a portfolio of 32 hotel properties located in 19 U.S. states.  AHIP's long-term objectives will be to: (i) generate stable and growing cash distributions from hotel properties substantially in the United States; (ii) enhance the value of its assets and maximize the long-term value of the hotel properties through active management; and (iii) expand its asset base and increase its Adjusted Funds From Operations ("AFFO") per Unit through an accretive acquisition program, participation in strategic development opportunities and improvements to the properties through targeted value-added capital expenditure programs.

Additional information relating to AHIP, including the preliminary prospectus and other public filings, will be available on SEDAR at www.sedar.com or on AHIP's website at www.ahipreit.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects AHIP's current expectations regarding future events. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would" and similar terms and phrases. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond AHIP's control, that could cause actual results and events to differ materially from those that are disclosed in, or implied by, such forward-looking information. Such risks and uncertainties include, but are not limited to, failure to complete the initial public offering of Units and related transactions, and the factors discussed under "Risk Factors" in the preliminary prospectus of AHIP dated January 14, 2013. The forward-looking information contained herein is made as of the date of this press release and, except as expressly required by applicable law, AHIP assumes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

SOURCE: American Hotel Income Properties REIT LP

Robert O'Neill (Chief Executive Officer) 

or

Robert Hibberd (Chief Financial Officer)
American Hotel Income Properties REIT LP
Suite 1690, 401 West Georgia Street
Vancouver, BC V6B 5A1
Tel: [phone]
www.ahipreit.com