United states Hotel money qualities REIT LP (TSX: HOT.UN; HOT.U and HOT.DB.U), or AHIP, is just a partnership that is limited to purchase resort real estate properties throughout the united states of america . AHIP’s 78 premium branded, select-service resorts are situated in additional metropolitan areas that reap the benefits of diverse and stable need. AHIP resorts run under brands associated with Marriott, Hilton, IHG and Selection Hotels through license agreements. The business’s long-term goals are to create on its proven history of effective investment, deliver monthly U.S. buck denominated distributions to unitholders, and generate value through the continued development of its diversified hotel profile. Extra information can be acquired.
Particular statements in this news launch may represent “forward-looking information” in the meaning of relevant securities laws and regulations.
Forward-looking information involves understood and unknown dangers, uncertainties as well as other facets, and it also could cause real outcomes, performance or achievements or industry outcomes, become materially not the same as any future outcomes, performance or achievements or industry outcomes expressed or suggested by such forward-looking information. Forward-looking information generally could be identified by way of terms and phrases such as “anticipate”, “believe”, “could”, “estimate”, “expect”, “feel”, “intend”, “may”, “plan”, “predict”, “project”, “subject to”, “will”, “would”, and comparable terms and expressions, including recommendations to presumptions. A number of the particular information that is forward-looking to in this news launch includes, it is not restricted to, statements with regards to: the effective timing of this visit of Mr. Jonathan Korol as Chief Executive Officer of AHIP and Mr. John O’Neill’s your your your retirement; the Board’s belief that Mr. Korol’s visit will speed up the execution associated with next chapter of AHIP’s strategic plan; Mr. Korol’s anticipated duties as CEO, including overseeing and dealing with AHIP’s interior asset administration and business finance groups to increase the performance of AHIP’s existing profile and determine suitable M&A and capital recycling techniques to make sure AHIP maintains an optimal mixture of properties and money to operate a vehicle strong long-lasting value for AHIP’s unitholders; the expectation that Mr. Korol will undoubtedly be travelling often to examine AHIP’s profile also to talk with key lovers in addition to investors; Mr. Korol’s belief that that AHIP’s resort profile, using its give attention to premium branded select-service hotels in additional “drive to” areas, is one of the best positioned North American hospitality platforms to withstand, and quickly get over, the ongoing effects for the COVID-19 pandemic; Mr. O’Neill’s intention to keep to highly help AHIP and Mr. Korol; Mr. O’Neill’s belief that AHIP is well placed to be successful and grow later on; and AHIP’s long-lasting goals.
Forward-looking information is dependent on a wide range of key objectives and presumptions created by AHIP, including, without limitation: AHIP is going to be effective in performing its strategic plan; the pandemic that is COVID-19 carry on to negatively impact the U.S. economy, U.S. resort industry and AHIP’s company, as well as the level and extent of these effect; Mr. O’Neill continues to help AIHP as you of its biggest unitholders; a fairly stable united states economy and currency markets; the continued power associated with U.S. lodging industry; money areas will give you AHIP with easily available use of equity and/or debt financing on terms appropriate to AHIP; additionally the worth for the U.S. dollar. Even though the forward-looking information included in this news launch is founded on just what AHIP’s administration thinks become reasonable presumptions and on information now available, AHIP cannot guarantee investors that real outcomes should be in keeping with such information.
Forward-looking information involves risks that are significant uncertainties and may never be read as guarantees of future performance or results. Those dangers and uncertainties consist of, on top of other things, dangers associated with: the chance that the performance of AHIP’s portfolio is almost certainly not maximized and value that is long-term might not be accomplished at expected amounts, or at all; the speed of data recovery after the COVID-19 pandemic can’t be accurately predicated and might be sluggish; AHIP might not be effective in performing its strategic plan; present occupancy data recovery styles at AHIP’s resort hotels might not carry on, may decelerate or regress; Mr. O’Neill may well not continue steadily to help AIHP and might maybe maybe maybe not are certainly one of its biggest unitholders; and AHIP might not understand some of its long haul goals contemplated in this news launch or else. Extra information about dangers and uncertainties is found in AHIP’s MD&A dated August 6, 2020 and yearly information kind for the season finished December 31, 2019 , copies of that are payday loans Arizona available on SEDAR at www.sedar.com.
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary declaration.
Forward-looking information reflects administration’s present philosophy and it is predicated on information available to AHIP. The forward-looking info is made as of the date with this news release and AHIP assumes no responsibility to upgrade or revise such information to reflect brand brand new occasions or circumstances, except as might be needed by applicable legislation.
SOURCE American Resort Money Characteristics REIT LP