American Hotel Income Properties REIT LP (AHIP) has been granted approval by the Toronto Stock Exchange to repurchase up to 6,801,276 units of AHIP over the next twelve months, representing 10% of the public float. The repurchases will be made in the open market and all units purchased will be returned to treasury and cancelled. AHIP believes that the current trading price of its units does not reflect their underlying value, prompting the decision to repurchase. In addition, AHIP has implemented an Automatic Securities Purchase Plan to facilitate purchases when regulatory restrictions are in place.

AHIP also announced that it has entered into an Automatic Securities Purchase Plan to facilitate the repurchase of units under the normal course issuer bid. The plan allows for purchases of units during blackout periods when AHIP would not ordinarily be able to buy back units. Purchases will be made at the discretion of a designated broker based on parameters set by AHIP and in accordance with applicable regulations and the terms of the plan. The plan will be in effect from December 30, 2025, to December 29, 2026, unless terminated sooner.

Furthermore, AHIP has received consent from its strategic investor, HCI-BGO Victora JB LP, to proceed with the normal course issuer bid. The consent is subject to a limit of CAD$4.1 million in total purchases. The goal of the bid is to enhance value for unitholders and increase their proportionate equity interest in AHIP. AHIP is focused on increasing the value of its hotel properties through operating excellence and active asset management.

Read more at GlobeNewswire: American Hotel Income Properties REIT LP Announces Normal