American hotel reit globe and mail

You're likely referring to American Hotel Income Properties REIT (HOTEL) which is a Canadian real estate investment trust (REIT) that owns a portfolio of hotels in the United States.

Here's a brief overview of the company:

Company Overview:

American Hotel Income Properties REIT is a Canadian REIT that owns a diversified portfolio of 124 hotels with over 11,000 rooms across the United States. The company's hotels are primarily located in the mid-scale and upscale segments, with a focus on select-service and extended-stay hotels.

Investment Thesis:

The company's investment thesis is to acquire and operate a portfolio of hotels that generate stable cash flows and provide a strong foundation for long-term growth. American Hotel Income Properties REIT targets hotels in high-demand locations, with a focus on the top 100 US markets, and seeks to create value through operational improvements, renovations, and rebranding.

Financial Performance:

American Hotel Income Properties REIT has a strong track record of financial performance, with a history of delivering consistent cash distributions to unitholders. In its most recent quarter, the company reported a net income of $23.4 million and a funds from operations (FFO) of $34.1 million.

Globe and Mail Coverage:

The Globe and Mail, a leading Canadian newspaper, has covered American Hotel Income Properties REIT on several occasions. Here are a few recent articles:

These articles provide insight into the company's financial performance, strategic initiatives, and market trends in the hospitality industry.

Investment Considerations:

As with any investment, it's essential to carefully consider the following factors before investing in American Hotel Income Properties REIT:

It's essential to conduct thorough research, consult with a financial advisor, and consider your individual financial goals and risk tolerance before making an investment decision.