Mr. Jonathan Korol reports

AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES COMPLETION OF REFINANCING AND FULL REPAYMENT OF SENIOR CREDIT FACILITY

American Hotel Income Properties REIT LP has completed a non-recourse debt refinancing and repayment in full of its senior credit facility (defined below). The initial gross loan proceeds are $85.0-million secured against 11 hotel properties, with additional advances of up to $41.0-million available, comprising $16.3-million upon the addition of a further hotel property and up to $24.7-million for renovations and improvements to these 12 hotel properties (the portfolio loan).

"This refinancing improves our ability to drive long-term value for our unitholders," said Jonathan Korol, chief executive officer. "It was achieved in two steps: through the previously announced CMBS refinancing completed in early 2025 and this non-recourse portfolio loan. This loan includes attractive proceeds, a delayed draw structure on capital expenditures, longer duration, an extension option, flexibility for asset sales and no parent company financial covenants."

American Hotel used the net proceeds from the portfolio loan to fully repay the outstanding balance under the credit facility revolver and credit facility term loan governed by the sixth amendment and this facility is now terminated. The 11 hotel properties secured by the portfolio loan were previously secured under the senior credit facility. The portfolio loan has an initial principal amount of $85.0-million, a two-year term with the option to extend the term for another one-year period subject to the satisfaction of certain conditions, and bears interest at SOFR (secured overnight financing rate) plus 4.65 per cent per annum.

All amounts presented in this news release are in United States dollars.

About American Hotel Income Properties REIT LP

American Hotel Income Properties is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP's portfolio of premium branded, select-service hotels are located in secondary metropolitan markets that benefit from diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG and Choice Hotels through licence agreements. AHIP's long-term objectives are to build on its proven record of successful investment, deliver monthly U.S.-dollar-denominated distributions to unitholders and generate value through the continued growth of its diversified hotel portfolio.

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