WhereDaily News: American Hotel Income Properties Reit LP Completes Guestroom Expansion at the High-Occupancy Oak Tree Inn Hotel in North Platte, Nebraska, Home of the World's Largest Rail Yard

VANCOUVER, BC--(Marketwired - September 01, 2016) - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) (OTCQX: AHOTF) announced today the completion of its previously reported 24-room expansion at the existing, high occupancy Oak Tree Inn hotel in North Platte, Nebraska (the "North Platte Property") for a total purchase price of US$2.1 million. AHIP funded the expansion with cash-on-hand and a new US$1.1 million, floating rate mortgage that matures on February 1, 2023. In conjunction with this mortgage, AHIP has also entered into an interest rate swap contract that fixes the interest rate at 4.10% for the full term of the loan.

Home | Contact Us | Advertise
Tour Operator Signup
Travel Agent Signup
Press Room | Link Partners
Legal | Privacy