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Hospitality Industry News

American Hotel Income Properties REIT LP announces US$57.3 million hotel portfolio acquisition and $35.0 million equity financing

1VANCOUVER, Oct. 10, 2013 /CNW/ – American Hotel Income Properties REIT LP (“AHIP”) (Toronto Stock Exchange: HOT.UN; OTCQX: AHOTF) announced today that it has agreed to acquire four hotel properties located in metropolitan Pittsburgh, Pennsylvania (the “Acquisition Portfolio”) for an aggregate purchase price of approximately US$57.3 million, excluding

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